MANITEX INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 Investing In Manitex International Inc. To Contact The Firm
NEW YORK, Nov. 9, 2017 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Manitex International Inc. ("Manitex" or the "Company") (NASDAQ:MNTX).
On a form 8-K filed with the SEC on November 6, 2017, Manitex announced that the Audit Committee of the Board of Directors and its accounting firm have determined that the Company's financial for the quarters ended March 31, June 30 and September 30, 2016, year ended December 31, 2016 and quarters ended March 31 and June 30, 2017 can no longer be relied upon. The Company stated that it would have to review the accounting procedures used to treat the sale of 39 cranes for total sales revenues of approximately $15 million to a single broker customer in a series of transactions.
On this news, Manitex's share price fell from $9.05 per share on November 6, 2017 to a closing price of $7.98 on November 7, 2017 —a $1.07 or a 11.82 % drop.
If you invested in Manitex stock or options and would like to discuss your legal rights, click here:www.faruqilaw.com/MNTX. There is no cost or obligation to you.
You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail torgonnello@faruqilaw.com.
CONTACT:
FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330
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.
View original content with multimedia:http://www.prnewswire.com/news-releases/manitex-investor-alert-faruqi--faruqi-llp-encourages-investors-who-suffered-losses-exceeding-50000-investing-in-manitex-international-inc-to-contact-the-firm-300553024.html
SOURCE Faruqi & Faruqi, LLP
