Levi & Korsinsky is investigating potential claims on behalf of purchasers of Tech Data Corp. (“Tech Data” or the “Company”) (Nasdaq: TECD) securities concerning possible violations of securities laws.
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The investigation stems from Tech Data’s announcement that the Company expects to restate its previously reported financial results for 2011, 2012 and 2013. The restatement will reduce previously reported consolidated operating income by about $30-40 million in total, and consolidated net income by about $25-33 million. According to the Company, the restatement concerns how the Company’s U.K. subsidiary reflected vendor accounting. Tech Data is seeking a 15-day filing extension for its annual report for the fiscal year ended January 31, 2013.
If you own Tech Data stock and wish to obtain additional information about the investigation and your legal rights, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/tech-data-tecd/.Levi & Korsinsky is a national firm with offices in New York, New Jersey, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky, Esq.30 Broad Street - 24th FloorNew York, NY 10004Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (866) 367-6510 www.zlk.com