An investor, who purchased shares of PTC Inc (NASDAQ:PTC), filed a lawsuit in Massachusetts over alleged violations of Federal Securities Laws by PTC Inc.
Investors who purchased shares of PTC Inc (NASDAQ:PTC) have certain options and for certain investors are short and strict deadlines running. Deadline: May 6, 2016. NASDAQ:PTC investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The plaintiff alleges on behalf of purchasers of PTC Inc (NASDAQ:PTC) common shares between November 24, 2011 and July 29, 2015, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between November 24, 2011 and July 29, 2015 the defendants issued false and misleading statements to investors and/or failed to disclose that PTC Inc did not disclose to the SEC and the DOJ the full results of its investigation into whether PTC China improperly provided recreational travel to Chinese government officials in violation of the FCPA, that PTC Inc was not cooperating with the SEC and the DOJ in connection with their investigations into whether PTC China improperly provided recreational travel to Chinese government officials in violation of the FCPA, that PTC’s books and records were inaccurate and PTC failed to maintain adequate internal accounting controls, and that as a result, PTC’s public statements were materially false and misleading at all relevant times.
On February 16, 2016, PTC Inc announced agreements with the U.S. Securities and Exchange Commission (“SEC”) and the Department of Justice (“DOJ”) that resolve a previously disclosed FCPA investigation pertaining to expenditures by certain former employees and business partners in China between 2006 and 2011. PTC Inc said that in connection with the agreements, PTC and its China subsidiaries will pay $28.2 million in penalties and interest to these agencies. Shares of PTC Inc (NASDAQ:PTC) declined from $42.25 per share in June 2015 to as low as $27.06 per share on February 8, 2016.
On March 18, 2016, NASDAQ:PTC shares closed at $32.84 per share.
Those who purchased shares of PTC Inc have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
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