San Diego, CA -- (SBWIRE) -- 09/15/2015 -- A shareholder in NASDAQ:CSTE shares filed a lawsuit in the U.S. over alleged Securities Laws violations by Caesarstone Sdot-Yam Ltd.

Shares of Caesarstone Sdot-Yam Ltd (NASDAQ:CSTE) declined from over $71 per share in late July to as low as $37.91 per share on September 2, 2015.

Investors who purchased shares of Caesarstone Sdot-Yam Ltd (NASDAQ:CSTE) have certain options and for certain investors are short and strict deadlines running. Deadline: October 26, 2015. NASDAQ:CSTE investors should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.

The plaintiff claims that between March 25, 2013 and August 18, 2015 Defendants made false and/or misleading statements and/or failed to disclose that the cost of quartz rose substantially by approximately 20% in 2014 while Caesarstone Sdot-Yam Ltd claimed in SEC filings the impact of the price increase was just 4%, that independent lab tests demonstrate that Caesarstone Sdot-Yam Ltd's samples contained less quartz than advertised, that Caesarstone Sdot-Yam Ltd's reported consolidated margins, gross margins, and EBITDA were overstated, that the extent of and risk posed by a growing number of lawsuits for approximately 60 silicosis-related injuries or deaths suffered by workers and fabricators of its product in Israel was understated, that the impact recent OSHA warnings regarding silicosis would have on the opening of a new U.S. facility and associated costs, that recent inspection reports revealed audit deficiencies related to revenue and inventory controls, and that as a result of the foregoing, Defendants' statements about Caesarstone Sdot-Yam Ltd's business, operations, and prospects were allegedly false and misleading and/or lacked a reasonable basis at all relevant times.

Then on August 19, 2015, an analyst firm published a report on Caesarstone Sdot-Yam Ltd asserting, among other things, thata Freedom of Information Act request to the SEC revealed that the cost of quartz rose substantially by ~20% in 2014, yet Caesarstone Sdot-Yam Ltd told investors in its SEC filings the impact was just 4%, that independent lab tests show Caesarstone Sdot-Yam Ltd's samples may contain less quartz than advertised, that Caesarstone Sdot-Yam Ltd's reported consolidated margins may be overstated, and that proprietary U.S. import shipping data collected from port documents indicates that Caesarstone Sdot-Yam Ltd's North American market share may not be growing as claimed.

Those who purchased NASDAQ:CSTE shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com