NEW YORK, Dec. 31, 2013 (GLOBE NEWSWIRE) -- Pomerantz Grossman Hufford Dahlstrom & Gross LLP is investigating claims on behalf of investors of INTL FCStone, Inc. ("FCStone" or the "Company"). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 237.
The investigation concerns whether FCStone and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. On Wednesday, December 18, 2013 shares of FCStone fell on higher than usual volume after the company announced it will delay filing of its financial statements, and may need to restate prior statements for the fiscal years 2012 and 2011, after its Audit Committee identified internal accounting errors, including a possible overstatement of revenues in trading gains of as much as $10.2 million, resulting in an overstatement of net income as much as $6.4 million.
On this news, shares of FCStone fell $1.95 per share to $18.60, or more than 7%, on December 18, 2013.
The Pomerantz Firm, with offices in New York, Chicago, San Diego and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
CONTACT: Robert S. Willoughby Pomerantz Grossman Hufford Dahlstrom & Gross LLP email@example.comSource:Pomerantz Grossman Hufford Dahlstrom & Gross LLP