Kulicke And Soffa Investigation: Bernstein Liebhard LLP Announces Investigation On Behalf Of Investors Of Kulicke And Soffa Industries, Inc. - KLIC

NEW YORK, May 11, 2018 /PRNewswire/ -- Bernstein Liebhard LLP is investigating potential securities fraud claims on behalf of shareholders of Kulicke & Soffa Industries, Inc. ("K&S" or the "Company") (NASDAQ: KLIC). If you purchased K&S securities, and/or have information relating to this matter, please visit our K&S SHAREHOLDER PAGE or contact Daniel Sadeh toll free at (877) 779-1414 or dsadeh@bernlieb.com.

On May 10, 2018, during aftermarket hours, K&S revealed that "[f]ollowing the end of the fiscal quarter, the Company learned of certain unauthorized transactions by a senior finance employee of the Company." The Company further disclosed that it "discovered that certain warranty accruals in prior periods had been accounted for incorrectly and therefore misstated," and therefore, "the Company's previously issued consolidated financial statements for the fiscal year ended September 30, 2017 can no longer be relied upon due to the misstated warranty accruals made in prior periods." As a result, the Company disclosed that it will be restating its financial statements.

On this news, K&S' stock fell sharply during intraday trading on May 11, 2018.

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal's "Plaintiffs' Hot List" thirteen times and listed in The Legal 500 for ten consecutive years.

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Contact Information
Daniel Sadeh
Bernstein Liebhard LLP
http://www.bernlieb.com 
(877) 779-1414
dsadeh@bernlieb.com

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SOURCE Bernstein Liebhard LLP