Levi & Korsinsky is investigating potential claims of breaches of fiduciary duty by the Board of Directors of Layne Christensen Company (“Layne” or the “Company”) (Nasdaq: LAYN).
For more information, click here: http://www.zlk.com/layne-christensen-layn. There is no cost or obligation to you.
In a March 22, 2012 press release, the Company announced that it “expects to record a non-cash after-tax impairment charge…of between $70 and $80 million” in the fourth quarter of its fiscal year ended January 31, 2012. Furthermore, the press release acknowledges that an internal investigation has uncovered documents that suggest the Company may have violated “the FCPA and other local laws” by issuing “improper payments…over a considerable period of time, by or on behalf of, certain foreign subsidiaries of the Company…”
If you own Layne stock and wish to obtain additional information about the investigation and your legal rights, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com.Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky, Esq.30 Broad Street - 24th FloorNew York, NY 10004Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (212) 363-7171 www.zlk.com