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SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against IEC Electronics Corp. and Certain Officers -- IEC

NEW YORK, July 8, 2013 (GLOBE NEWSWIRE) -- Pomerantz Grossman Hufford Dahlstrom & Gross LLP announces the filing of a class action lawsuit against IEC Electronics Corp. ("IEC" or the "Company") (NYSE:IEC) and certain of its officers. The class action, filed in United States District Court, Southern District of New York, is on behalf of a class consisting of all persons or entities who purchased or otherwise acquired securities of IEC between February 8, 2012 and May 21, 2013 both dates inclusive (the "Class Period"). This class action seeks to recover damages against the Company and certain of its officers and directors as a result of alleged violations of the federal securities laws pursuant to Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.

If you are a shareholder who purchased IEC securities during the Class Period, you have until August 27, 2013 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll free, x237. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and number of shares purchased.

IEC Electronics Corp. provides electronic contract manufacturing services to advanced technology companies in the United States. It specializes in the custom manufacture of complex circuit cards and system-level assemblies; an array of cable and wire harness assemblies; and precision sheet metal components.

The Complaint alleges that throughout the Class Period, Defendants issued false and/or misleading statements and/or failed to disclose that: (a) the Company was improperly accounting for work-in-process inventory for one of its subsidiaries; (b) as a result, the Company's gross profit was overstated during the Class Period; (c) as such, the Company's financial results were not prepared in accordance with Generally Accepted Accounting Principles ("GAAP"); (d) the Company lacked adequate internal and financial controls; and (e) as a result of the foregoing, the Company's financial statements were materially false and misleading at all relevant times.

On May 2, 2013 the Company announced that its consolidated financial statements for the fiscal year ended September 30, 2012, the quarterly periods during fiscal 2012, and the quarter ended December 28, 2012 were being restated due to an accounting error related to inventory at one of the Company's subsidiaries. On this news announcement, shares of IEC fell $0.50 or about 9% percent to close at $5.20 per share.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and San Diego, 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 rswilloughby@pomlaw.comSource:Pomerantz Grossman Hufford Dahlstrom & Gross LLP