Shareholders Foundation, Inc.

Investigation for Investors in PAREXEL International Corporation (NASDAQ:PRX) over Possible Violations of Securities Laws

An investigation for investors in PAREXEL International Corporation (NASDAQ:PRX) shares over potential securities laws violations by PAREXEL International was announced and NASDAQ:PRX stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 09/06/2016 -- PAREXEL International Corporation faces an investigation over possible securities laws violations. The investigation was announced for investors of PAREXEL International Corporation (NASDAQ:PRX) shares in connection certain financial statements made by PAREXEL International.

Investors who purchased shares of PAREXEL International Corporation (NASDAQ:PRX), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of PAREXEL International Corporation (NASDAQ:PRX) concerning whether a series of statements by PAREXEL International regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

PAREXEL International Corporation reported that its Total Revenue rose from over $1.99 billion for the 12 months period that ended on June 30, 2013 to over $2.42 billion for the 12 months period that ended on June 30, 2016 and that its Net Income for those respective time periods increased from $95.97 million to $156.50 million. Shares of PAREXEL International Corporation (NASDAQ:PRX) grew from $32.07 per share in early 2013 to as high as $72.10 per share in September 2015.

On August 30, 2016, PAREXEL International Corporation disclosed that it was delaying the filing of its 2016 Form 10-K after it received a report "of an incident of misappropriation of corporate funds by an employee in one of the Company's international operations."

On September 2, 2016, NASDAQ:PRX shares closed at $68.70 per share.

Those who purchased shares of PAREXEL International Corporation 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