The Rosen Law Firm, P.A. announces that it is investigating securities fraud claims against Ignite Restaurant Group, Inc. (Nasdaq: IRG) (“Ignite”).
The investigation focuses on whether Ignite issued misleading financial statements to investors in connection with its IPO on May 10, 2012. On July 18, 2012, Ignite disclosed that it would have to restate all of its financial statements for fiscal years 2009 through 2011 and first quarter 2012 due to errors related to its accounting for leases. The company also announced it was reviewing the propriety of its accounting for fixed assets and related depreciation expense.
These adverse disclosures have caused Ignite’s share price to drop, damaging investors.
The Rosen Law Firm is preparing class action lawsuit on behalf of Ignite shareholders to recover investors’ losses. If you purchased Ignite stock, you may visit the website at http://www.rosenlegal.com. You may also contact Phillip Kim, Esq. or Jonathan Horne of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at email@example.com or firstname.lastname@example.org.The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Attorney Advertising. Prior results do not guarantee a similar outcome.