Science & Technology
Wed, June 13, 2012
LOS ANGELES--([ BUSINESS WIRE ])--The Law Offices of Todd M. Garber announces that it is investigating potential claims against ModusLink Global Solutions, Inc. (aModusLinka or the aCompanya) (NASDAQ:MLNK) concerning possible violations of federal securities laws. The investigation is related to certain statements issued by the Company between December 4, 2008 and June 11, 2012, regarding ModusLinkas business, operations and financial condition. ModusLink, through its subsidiaries, provides supply chain business process management solutions worldwide.
The investigation concerns the Companyas June 11, 2012 announcement that ModusLink plans to restate its financial results for the fiscal years 2009 through 2011, the first two quarters of fiscal 2012, and certain financial data for the fiscal years 2007 and 2008. According to the Company, an investigation of the Companyas audit committee found that certain client contracts were not aligned correctly with their appropriate discounts, resulting in an estimated $20-$30 million overstatement of revenue.
If you purchased ModusLink securities between December 4, 2008 and June 11, 2012, 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 Todd M. Garber, Esquire, of the Law Offices of Todd M. Garber, by telephone at 213-700-7262 or by email to [ info@toddgarberlaw.com ].
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.