SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Matthews International Corporation - MATW

NEW YORK, Jan. 11, 2018 /PRNewswire-USNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Matthews International Corporation ("Matthews" or the "Company") (NASDAQ:  MATW).   Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.

The investigation concerns whether Matthews and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

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On November 11, 2018, Spruce Point Capital Management ("Spruce Point") published a report asserting that, following a "forensic financial review" of Matthews, Spruce Point had identified, among other issues, "operational problems, declining financial performance, [and] accounting and financial control weakness" at the Company.  Specifically, the Spruce Point report stated, in part, that Matthews had concealed the fact that two large acquisitions "have failed miserably to deliver", "taken classic measures to obscure its problems such as realigning segment reporting and promoting highly 'adjusted' figures", and had "serious financial control issues and governance concerns."  On this news, Matthews's share price has fallen sharply during intraday trading on January 11, 2018.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, 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 80 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 LLP
rswilloughby@pomlaw.com

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SOURCE Pomerantz LLP