An investigation for investors in Donaldson Company, Inc. (NYSE:DCI) shares over potential securities laws violations by Donaldson Company was announced and NYSE:DCI stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 10/19/2015 -- An investigation for shareholders in NYSE:DCI shares was announced concerning potential securities laws violations by Donaldson Company.
Investors who purchased shares of Donaldson Company, Inc. (NYSE:DCI), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call 858-779-1554.
The investigation by a law firm focuses on whether a series of statements by Donaldson Company regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On September 29, 2015, Donaldson Company, Inc. announced that it has filed a Form 12b-25, Notification of Late Filing, with the U.S. Securities and Exchange Commission with regard to its Annual Report on Form 10-K for the year ended July 31, 2015. Donaldson Company, Inc. said that it was unable to file its Form 10-K by the Sept. 29, 2015, deadline because the Company has not yet completed an ongoing investigation related to the recognition of revenue for certain projects in its European Gas Turbine Products business. Specifically, Donaldson Company, Inc. said that its Compliance Committee received reports from two former employees that revenue for a project in the European Gas Turbine Products business was improperly recognized in the second quarter of fiscal 2015 and that it initiated an internal investigation which verified the substance of the report and identified additional revenue transactions within the European Gas Turbine Products business involving the same improper practices.
Shares of Donaldson Company, Inc. (NYSE:DCI) declined to as low as $26.36 per share on September 29, 2015.
On October 16, 2015, NYSE:DCI shares closed at $28.33 per share.
Those who purchased shares of Donaldson Company, Inc. have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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