DALLAS, July 26, 2012 /PRNewswire/ -- Goldfarb LLP is investigating whether the board of directors of Ignite Restaurant Group, Inc. (NASDAQ: IRG) violated shareholder protection laws by allegedly making devastating accounting errors regarding fixed assets and depreciation expense in prior periods as a private company. Concerned IRG investors who purchased shares prior to July 18, 2012 are encouraged to contact attorney Hamilton Lindley at 877-583-2855 or firstname.lastname@example.org about their rights and remedies.
"On July 18, 2012, Ignite Restaurant Group disclosed that non-cash related errors relating to its accounting treatment of certain leases must be corrected and that financial results for fiscal years 2009 through 2011, and the first quarter of fiscal 2012, must be restated," securities lawyer Hamilton Lindley said. "At the announcement, shares dropped more than 20 percent. Our proposed shareholder lawsuit will seek to ensure that controls are placed to correct any improper behavior and to improve the company's value for investors."
Goldfarb LLP lawyers have significant experience representing shareholders and whistleblowers in securities lawsuits nationwide. IRG shareholders – or anyone with knowledge about this situation – should contact lawyer Hamilton Lindley at email@example.com or 877-583-2855.
Hamilton Lindley Goldfarb LLP2501 N. Harwood, Ste. 1801 Dallas, TX 75201(877) 583-2855 Toll Free Telephone (214) 583-2233 Local Phone Number (214) 583-2234 Fax Number firstname.lastname@example.org www.goldfarbllp.comSOURCE Goldfarb LLP