This Day On The Street
Continue to site
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

SFMS Announces Investigation Of ModusLink Global Solutions, Inc. For Shareholders

Shepherd, Finkelman, Miller & Shah, LLP (; e-mail:, a law firm with offices in California, Connecticut, Florida, New York, New Jersey, Pennsylvania and Wisconsin, announces that it is investigating possible breaches of fiduciary duty and other violations of law by certain officers and directors at ModusLink Global Solutions, Inc. (“MLNK” or the “Company”)(Nasdaq:MLNK).

SFMS’s investigation focuses on whether certain officers and directors of MLNK harmed the Company in their oversight and control of the MLNK’s accounting practices. MLNK and its subsidiaries provide business process management solutions to other companies such as hardware manufacturers, software publishers and telecommunication carriers. Earlier this year, the Company received an SEC inquiry regarding the Company’s treatment of rebates associated with volume discounts provided by vendors. Then, on June 11, 2012, the Company announced that its president, who is also the chief executive officer and a director, and the president of its global operations, were both stepping down. The Company also announced that it will be restating its audited financial statements from fiscal years 2007 to the present, and delay its filing of its quarterly report for the third quarter of 2012. MLNK revealed that it estimates a reduction of revenue of approximately $20 million to $30 million and of net income by a lesser amount because of the inaccurate accounting treatment of some rebates. As a result, the Company’s share price declined by $1.48 per share, or approximately 34.74%, to close at $2.78 per share on June 11, 2012.

If you are a current shareholder of MLNK and would like more information about your shareholder rights, please contact Karen M. Leser-Grenon by email ( or telephone (toll-free at (866) 540-5505); or Kolin Tang by email ( or telephone ((619) 235-2416).

Shepherd, Finkelman, Miller & Shah, LLP ( is a law firm that represents investors, including institutions and individuals, as well as consumers, in class action and corporate governance matters throughout the country.

Copyright Business Wire 2010

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs