NEW YORK, Nov. 15, 2016 /PRNewswire/ -- Harwood Feffer LLP ( www.hfesq.com) is investigating potential claims against the board of directors of PAREXEL International Corporation ("PAREXEL" or the "Company") (NASDAQ: PRXL), concerning whether the board has breached its fiduciary duties to shareholders.
On August 30, 2016, the Company disclosed that it would be unable to timely file its form 10-K for 2016 due to an "incident of misappropriation of corporate funds by an employee." On November 11, 2016, the Company disclosed that it would also be unable to timely file its Form 10-Q for the first quarter of fiscal 2017 due to potential revenue recognition errors. Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing. If you own PAREXEL shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact: Robert I. Harwood, Esq.Benjamin I. Sachs-Michaels, Esq.Harwood Feffer LLP488 Madison Avenue New York, New York 10022Phone Numbers: (877) 935-7400(212)935-7400Email: firstname.lastname@example.orgWebsite: http://www.hfesq.com Follow us on Twitter: @HarwoodFefferHarwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website ( http://www.hfesq.com) for more information about the firm.