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The Rosen Law Firm, P.A. announces that it is investigating potential securities fraud claims against Intl FCStone, Inc. (Nasdaq: INTL) resulting from allegations that the Company may have issued materially misleading business information to the investing public.
On December 17, 2013, Intl FCStone announced that it had identified accounting errors in the reconciliation of its subsidiary, INTL FCStone Markets, LLC and would be unable to file its Form 10-K for the fiscal year 2013 with the U.S. Securities and Exchange Commission on its due date. Intl FCStone believes these errors may reflect an overstatement of revenue trading gains of up to $10.2 million and net income of up to $6.4 million. Further, Intl FCStone disclosed that it may need to restate its financial statements for fiscal years 2011 and 2012. On this news, shares of Intl FCStone fell $1.95 per share, or by approximately 8%, to close at $18.60 on December 18, 2013.
The Rosen Law Firm is preparing a class action lawsuit as a result of this adverse information. If you purchased Intl FCStone securities, you may visit the website at
http://rosenlegal.com to join the class action. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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