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July 20, 2012 /PRNewswire/ --
Bernstein Liebhard LLP today announced an investigation into Ignite Restaurant Group, Inc. (Nasdaq: IRG) ("Ignite" or the "Company"). On
July 18, 2012, after the market closed, Ignite announced that, following an internal assessment of its lease accounting policies, the Company had determined it necessary to correct non-cash related errors related to its accounting treatment of certain leases. As a follow-up to this review, the Company also stated that it was commencing a detailed review of its historical accounting for fixed assets and related depreciation expense in prior periods as a private company.