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Aug. 9, 2013 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Blount International, Inc. ("Blount" or the "Company") (NYSE: BLT).
The investigation focuses on whether Blount and certain of its executives and/or directors violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
August 7, 2013, the Company revealed that it would be amending its Annual Report on Form 10-K for 2012 and its Quarterly Report on Form 10-Q for the first quarter of 2013 because of ineffective internal control regarding financial reporting and disclosure controls and procedures.
Following this news, Blount shares fell to close at
$11.66 per share on
August 7, 2013, a drop of
$1.13 or over 8%.
Request more information now by clicking here: www.faruqilaw.com/BLT. There is no cost or obligation to you.Take Action
If you invested in Blount stock or options and would like to discuss your legal rights, visit
www.faruqilaw.com/BLT. 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. Faruqi & Faruqi, LLP also encourages anyone with information regarding Blount's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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