NEW YORK, NY / ACCESSWIRE / November 5, 2021 / Pomerantz LLP is investigating claims on behalf of investors of Rockwell Automation, Inc. ("Rockwell" or the "Company") (NYSE:ROK). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.
The investigation concerns whether Rockwell and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On October 27, 2021, federal prosecutors filed criminal charges against two Rockwell executives, Kevin Chao and Richard Sze, alleging an illegal kickback scheme by which the two diverted millions of dollars into their personal accounts. Specifically, Chao and Sze are charged with helping secure a purported $30 million software contract between Rockwell and a Chinese software development company, submitting and authorizing false invoices for funds that were then funneled to Chao and Sze through a shell company.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris 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