12.05.2010 22:13:00
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Kendall Law Group Investigates Digi International Inc. for Shareholders Following the Resignation of CFO
Kendall Law Group, a national securities firm, is investigating Digi International Inc. (NASDAQ: DGII) after the resignation of Subramanian Krishnan, the company’s senior vice president, chief financial officer, and treasurer, amid internal investigations into alleged violations of the Foreign Corrupt Practices Act. The firm’s investigation seeks to determine whether Digi and its Board may have been involved with or had prior knowledge of any violations of the FCPA. Shareholders familiar with the investigation or who may have suffered a loss as a result are encouraged to contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.
The company disclosed Krishnan’s resignation on May 11, 2010 in a filing with the SEC. On May 10, 2010, Digi disclosed the investigation into the alleged violations of the FCPA in their quarterly report filed with the SEC. On May 10, 2010, Digi shares prices fell from a high of $9.94 to a low of $8.81.
Kendall Law Group has the credentials and experience to pursue any type of complex securities litigation in the nation. The firm, led by a former federal judge and a former U.S. Attorney, is a national securities firm that represents shareholders when publicly traded companies violate the law. Limited partner shareholders are urged to contact attorney Scott Kendall for more information.
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