NEW YORK, Aug. 12, 2013 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased IEC Electronics Corp. ("IEC" or the "Company") (NYSE MKT:IEC) common stock between February 8, 2012 and May 21, 2013.
Click here to learn more about the action http://zlk.9nl.com/iec-elecronics-iec/, or call: 877-363-5972. There is no cost or obligation to you.
The complaint alleges that the Company improperly accounted for work-in-process inventory in one of its subsidiaries, and that due to this improper accounting IEC overstated its gross profit, violated Generally Accepted Accounting Principles, and issued materially false and misleading financial statements. On May 1, 2013, IEC announced it would restate the Company's consolidated financial statements for the fiscal year ended September 30, 2012, quarterly periods during fiscal 2012, and quarter ended December 28, 2012.
If you suffered a loss in IEC you have until August 27, 2013 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/iec-elecronics-iec/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.comSource:Levi & Korsinsky, LLP