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Stock impact report

KLIC INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of Kulicke and Soffa Industries, Inc. Investors

Kulicke and Soffa Industries, Inc. (KLIC) 
Last kulicke and soffa industries, inc. earnings: 4/29 10:00 pm Check Earnings Report
US:NASDAQ Investor Relations: kns.com
Company Research Source: Business Wire
BENSALEM, Pa.--(BUSINESS WIRE)-- Law Offices of Howard G. Smith announces an investigation on behalf of Kulicke and Soffa Industries, Inc. (“Kulicke and Soffa” or the “Company) (NASDAQ: KLIC) investors concerning the Company and its officers’ possible violations of federal securities laws. On May 10, 2018, after the market closed, the Company disclosed that it would be “unable to file its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2018” on time. The Company further disclosed that it was conducting an internal investigation related to unauthorized transactions by a “senior finance employee” and that “in the course of this investigation, the Company discovered that certain warranty accruals in prior periods were accounted for incorrectly and therefore misstated.” On this news, the Company’s share price fell $1.80, or 7.6%, on May 11, 2018, thereby injuring investors Show less Read more
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