Archive for October, 2014

CBD Energy Shareholder Alert: Investors encouraged to contact law firm

CBD Energy Shareholder Alert: National Securities Law Firm Announces Investigation of CBD Energy Ltd. for Potential Accounting Irregularities. Encourages Investors to Contact Law Firm for More Information

October 24, 2014
New York, New York

Tripp Levy PLLC, a leading national securities law firm, announces that it is investigating claims on behalf of investors of CBD Energy Ltd. (Nasdaq: CBDE) (“CBD” or the “Company”). On October 24, 2014, CBD announced that its unaudited interim financial statements as of and for the six months ended December 31, 2013 (“December Statements”) cannot be relied upon, and revisions are required.

In the case of audited financial statements for Fiscal Years 2012 and 2013, the Company announced that shareholders should not rely on these statements either with respect to completeness and accuracy of disclosures with respect to related party transactions. In connection with the December Statements, the Company announced that there is uncertainty with respect to: (i) recovery of a deposit of approximately $680,000 recorded as a current asset; (ii) some or all of certain expenditures capitalized in connection with an offering should have been expensed; (iii) disclosures regarding goodwill were adequate and some impairment should have been recognized; and (iv) certain expenses should have been classified in different categories.

Mr. Gerard McGowen, the Company’s CEO, is the potentially related party referenced and will be taking a leave of absence from the Company. As a result of this announcement, the Company’s shares fell over 40% to $1.20 per share in intraday trading.

If you have suffered a significant loss from your investment in CBD common stock and would like to learn more about this investigation and your ability to potentially recover your losses, please contact us toll free at 1-800-511-7037 or contact us via our website.

Tripp Levy PLLC is a leading national securities and shareholder rights law firm representing both individual and institutional shareholders and, along with its affiliates, has recovered billions of dollars for shareholders. Tripp Levy PLLC is affiliated with Milberg LLP. Attorney advertising. Prior results do not indicate a similar outcome

Willbros Group Shareholder Alert: Investors encouraged to contact law firm

Willbros Group Shareholder Alert: National Securities Law Firm Encourages Investors Who Have Losses in Excess of $100,000 From Investment in Willbros Group, Inc. to Contact Law Firm

October 22, 2014
New York, New York

Tripp Levy PLLC, a leading national securities law firm, announces that it is investigating claims on behalf of investors of Willbros Group, Inc. (NYSE: WG) (“Willbros” or the “Company”). On October 22, 2014, Willbros announced that it intends to restate its second quarter 2014 financial results, and that such results should no longer be relied upon.

Willbros stated that it had identified approximately $22.0 to $24.0 million in deterioration of a significant pipeline construction project in the Company’s Northeast regional business within the Oil & Gas segment. This deterioration consists of the reversal of approximately $8.0 million in pre-tax income previously recognized and the recognition of approximately $14.0 to $16.0 million in estimated pre-tax losses at project completion. In addition, Willbros is evaluating any impact on its prior conclusions of the adequacy of internal control over financial reporting and disclosure controls and procedures.

This restatement follows the announcement that the Company’s CEO, Robert R. Harl, and President, Earl Collins, had resigned. As a result of the announcement of the restatement, the Company’s stock has fallen over 32 percent in intraday trading or $2.46 per share to $5.19 per share.

If you have suffered a loss in excess of $100,000 from your investment in Willbros common stock and purchased your shares within the past 6 months, and would like to learn more about this investigation and your ability to potentially recover your losses, please contact us toll free at 1-800-511-7037 or contact us via our website.

Tripp Levy PLLC is a leading national securities and shareholder rights law firm with offices across the country representing both individual and institutional shareholders and, along with its affiliates, has recovered billions of dollars for shareholders. Tripp Levy PLLC is affiliated with Milberg LLP. Attorney advertising. Prior results do not indicate a similar outcome

Investigating Arrowhead Research Corp.

Arrowhead Shareholder Alert — National Securities Law Firm Announces Investigation Of Arrowhead For Potential Violations Of Federal Securities Laws

October 9, 2014
New York, New York

Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating potential federal securities law claims against Arrowhead Research Corp. (NASDAQ: ARWR) (“Arrowhead” or the Company”) on behalf of Arrowhead shareholders.

On October 8, 2014, Arrowhead released disappointing data from its experimental hepatitis B therapy ARC-520. On that same day, it was reported that Arrowhead, however, knew for months that ARC-520 dosed at 1 mg/kg and 2 mg/kg yielded 0.2-log and 0.3-log reductions in hepatitis B viral load. Yet, despite this knowledge, Arrowhead allegedly misled investors to believe that ARC-520 was more potent and achieved viral load reductions in the range of 0.7 log or higher.

On this news, shares of Arrowhead Research fell $5.48 per share, or over 43%, to close at $7.03 per share on October 8, 2014.

If you are a shareholder of Arrowhead and suffered significant losses on your investment and would like additional information regarding this investigation and how you may be eligible to recover your losses, please contact us toll free at 1-800-511-7037 or contact us via our website.

Tripp Levy PLLC represents individual and institutional shareholders and, along with its affiliates, has recovered billions of dollars for shareholders in similar actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP. The National Law Journal has named Milberg one of the “50 Elite Trial Lawyer Firms.” Attorney advertising. Prior results do not indicate a similar outcome.

GT Advanced Technologies Shareholder Alert: Investors encouraged to contact law firm

GT Advanced Technologies Shareholder Alert: National Securities Law Firm Encourages Investors Who Have Losses in Excess of $250,000 From Investment in GT Advanced Technologies Inc. to Contact Law Firm

October 6, 2014
New York, New York

Tripp Levy PLLC, a leading national securities law firm, announces that it is investigating claims on behalf of investors of GT Advanced Technologies Inc. (NASDAQ: GTAT) (“GTAT” or the “Company”). On October 6, 2014, GTAT and its subsidiaries filed for bankruptcy court protection under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of New Hampshire.

Following the announcement on October 6, 2014, GTAT stock fell over 90 percent falling $9.97 per share to $1.08 per share in intraday trading. The steep drop follows an earlier slide in the Company’s shares on news that Apple would not use GTAT’s sapphire material in the screen of the iPhone 6.

If you have suffered a loss in excess of $250,000 from your investment in GTAT common stock and purchased your shares within the past year, and would like to learn more about this investigation and your ability to potentially recover your losses, please contact us toll free at 1-800-511-7037 or contact us via our website.

Tripp Levy PLLC is a leading national securities and shareholder rights law firm with offices across the country representing both individual and institutional shareholders and, along with its affiliates, has recovered billions of dollars for shareholders. Tripp Levy PLLC is affiliated with Milberg LLP. Attorney advertising. Prior results do not indicate a similar outcome

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