SAN DIEGO, Feb. 18, 2014 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a deadline to get actively involved is coming up on March 14, 2014 in the lawsuit filed on behalf of certain investors in shares INTL FCStone Inc (INTL) over alleged Securities Laws Violations by INTL FCStone Inc in connection with certain allegedly false and misleading statements made between February 17, 2010 and December 16, 2013.
If you purchased a significant amount of shares of INTL FCStone Inc (INTL) between, and / or if you purchased INTL FCStone Inc shares in 2010 or earlier and currently hold any of those shares you have certain options and you should contact the Shareholders Foundation before March 14, 2014 at email@example.com or call +1(858) 779 - 1554.
The plaintiff alleges that the defendants made allegedly false and/or misleading statements and/or failed to disclose that there existed critical integration issues with the companies acquisitions, including with respect to financial reporting for its Commodity and Risk Management unit, that INTL FCStone Inc overstated revenues in trading gains of up to $10.2 million, causing an overstatement of net income by approximately $6.4 million, that INTL FCStone Inc lacked adequate internal and financial controls; and that as a result of the foregoing INTL FCStone Inc's statements were materially false and misleading at all relevant times.
On December 17, 2013, INTL FCStone Inc announced that it has filed a Form with the U.S. Securities and Exchange Commission, stating that the Company was not able to file its Form 10-K for the fiscal year ended September 30, 2013. INTL FCStone Inc said that in connection with the preparation of its consolidated financial statements for the fiscal year ended September 30, 2013, it identified errors in the reconciliation of the Company's subsidiary INTL FCStone Markets, LLC's accounting records to its back office system, which has resulted in a delay in finalizing the Company's consolidated financial statements required to be included in the Company's Form 10‑K.
The plaintiff seeks to recover damages on behalf of all purchasers of INTL FCStone Inc common stock between February 17, 2010 and December 16, 2013.
Those who purchased shares of INTL FCStone Inc have certain options and should contact the Shareholders Foundation, Inc. by e-mail at firstname.lastname@example.org or call +1 (858) 779-1554.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
CONTACT: Shareholders Foundation, Inc. Trevor Allen +1 (858) 779-1554 email@example.com 3111 Camino Del Rio North Suite 423 San Diego, CA 92108
Source:Shareholders Foundation, Inc.