This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Block & Leviton LLP Investigates Central European Distribution Corp. And Certain Of Its Officers And Directors For Possible Violations Of The Federal Securities Laws

BOSTON, June 5, 2012 /PRNewswire/ -- Block & Leviton LLP ( blockesq.com), a Boston-based law firm representing investors nationwide, is investigating possible securities law violations involving Central European Distribution Corp. ("CEDC" or the "Company") (NASDAQ: CEDC).  After trading closed on June 4, 2012, CEDC announced that it is restating its financial results for the period January 1, 2010 through present.  The Company also reported that it is investigating whether any adjustments would be needed for the year ended December 31, 2009. 

According to the Company, reported net sales in the years ended December 31, 2010 and 2011 failed to accurately reflect full amount of retroactive trade rebates provided to the customers of the CEDC's main subsidiary.  The adjustments identified to date will result in a reduction of approximately $30 to $40 million in the Company's consolidated net sales, operating profit and related accounts receivable for the period January 1, 2010 through December 31, 2011.  The company's stock price has dropped approximately 10% on this news.

Block & Leviton's investigation seeks to determine, among other things, whether CEDC or its officers and directors have violated the Securities Exchange Act of 1934 or any other federal securities laws.  If you have any information relevant to this investigation, or if you purchased CEDC stock between January 1, 2009 and June 5, 2012 and have questions about your legal rights, please contact Block & Leviton LLP.

Block & Leviton is a Boston-based law firm representing investors for violations of securities laws.  The firm's lawyers have collectively been prosecuting securities cases on behalf of investors for over 50 years.

This notice may constitute attorney advertising.  

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,696.17 -55.22 -0.31%
S&P 500 2,100.31 -8.26 -0.39%
NASDAQ 5,090.3690 -21.3640 -0.42%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs