NEW YORK, July 1, 2013 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Tetra Tech, Inc. ("Tetra" or the "Company") (NASDAQ: TTEK).
The investigation focuses on whether the Company and its executives violated federal securities laws with respect to its disclosures concerning business, operational, and compliance policies. Specifically, the investigation focuses on whether Tetra did not disclose (i) that it would be forced to take an earnings charge after failing to take necessary charges relating to customer claims and cost overruns and (ii) the extent that political and economic unrest in Eastern Canada would hurt its revenues in connection the Eastern Canadian mining and oil industry.
On June 18, 2013, the Company announced that it will incur restructuring costs from its Eastern Canadian and mining operations and that due to charges to resolve project claims, its prior guidance for the third quarter of 2013 would be revised to a diluted loss per share range of $0.30 to $0.50. Following this news, Tetra's stock price dropped $3.64 or over 13%.R equest more information now by clicking here: www.faruqilaw.com/TTEK. There is no cost or obligation to you. Take Action If you invested in Tetra's stock or options between May 3, 2012 and June 18, 2013 and would like to discuss your legal rights, visit www.faruqilaw.com/TTEK. You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org or email@example.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Tetra's conduct to contact the firm, including whistleblowers, former employees, shareholders and others. Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner. FARUQI & FARUQI, LLP369 Lexington Avenue, 10th Floor New York, NY 10017Attn: Richard Gonnello, Esq. firstname.lastname@example.org Francis McConville, Esq. email@example.comTelephone: (877) 247-4292 or (212) 983-9330 SOURCE Faruqi & Faruqi, LLP
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts