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UNITEK GLOBAL SERVICES SHAREHOLDER ALERT: Levi & Korsinsky Notifies Investors With Losses On Investment In UniTek Global Services, Inc. Of Class Action Lawsuit And Deadline Of June 18, 2013 To Seek Lead Plaintiff Position
June 5, 2013 /PRNewswire/ -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Eastern District of
Pennsylvania on behalf of investors who purchased UniTek Global Services, Inc. ("UniTek" or the "Company") (Nasdaq: UNTK) stock between
May 18, 2011 and
April 12, 2013 (the "Class Period").
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The complaint alleges that throughout the Class Period defendants issued false and misleading statements and failed to disclose that: (a) the Company's financial statements did not provide a fair presentation of the Company's finances and operations; (b) the Company's subsidiary, Pinnacle Wireless, engaged in fraudulent activities that resulted in improper revenue recognition; (c) the Company's internal accounting controls were deficient and permitted the improper recognition of revenue; and (d) as a result of the above, the Company's financial statements were materially false and misleading at all relevant times.
April 12, 2013, UniTek disclosed that it will restate its financial results for the interim periods ended
June 2012 and
September 29, 2012, as well as for the fiscal year ended
December 2011 and the interim period ended
October 1, 2011. UniTek also announced that it had terminated
Ronald Lejman, its CFO and Treasurer,
Kevin McClelland, controller and chief accounting officer, and several other employees.
If you suffered a loss in UniTek you have until
June 18, 2013to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact
Joseph E. Levi, Esq. either via email at
firstname.lastname@example.org or by telephone at (877) 363-5972, or visit
Levi & Korsinsky is a national firm with offices in
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. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:Levi & Korsinsky, LLP
Joseph Levi, Esq.Eduard Korsinsky, Esq.30 Broad Street - 24th Floor
New York, NY 10004 Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (866) 367-6510
SOURCE Levi & Korsinsky, LLP