Science & Technology
Science and TechnologyScience and Technology 
Fri, February 18, 2011
Thu, February 17, 2011
Law Offices of Howard G. Smith Announces Investigation On Behalf of Investors of Itron, Inc.
BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of purchasers of the securities of Itron, Inc. (aItrona or the aCompanya) (NASDAQ:ITRI) concerning possible violations of federal securities laws. Itron provides products and services for the energy and water markets worldwide. The Company produces electricity, gas, water and heat meters, and other associated metering products for residential, commercial and industrial, and transmission and distribution customers.
"primarily to defer revenue that had been incorrectly recognized on one contract due to a misinterpretation of an extended warranty obligation."
The investigation focuses on allegations that certain statements issued by the Company between April 28, 2010 and February 16, 2011, regarding Itrona™s financial performance were false and misleading. Specifically, the investigation pertains to Itrona™s February 16, 2011, announcement that it has restated its financial results for the quarters ended March 31, June 30, and September 30, 2010. According to the Companya™s press release, the restatement was made aprimarily to defer revenue that had been incorrectly recognized on one contract due to a misinterpretation of an extended warranty obligation.a
If you purchased Itron securities between April 28, 2010 and February 16, 2011, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ www.howardsmithlaw.com ].