NEW YORK, NY / ACCESSWIRE / September 26, 2016 / Pomerantz LLP is investigating claims on behalf of investors of PAREXEL Corporation ("PAREXEL" or the "Company") (NASDAQ: PRXL). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 9980.
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The investigation concerns whether PAREXEL and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On August 30, 2016, post-market, PAREXEL disclosed that the Company was delaying the filing of its 2016 Annual Report on Form 10-K after receiving a report "of an incident of misappropriation of corporate funds by an employee in one of the Company's international operations."
On this news, PAREXEL stock fell $3.08, or 4.33%, to close at $68.03 on August 31, 2016.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
SOURCE: Pomerantz LLP