MTS Systems Corporation (NASDAQ:MTSC) Shareholder News: Investigation over Possible Violations of Securities Laws
An investigation for investors in MTS Systems Corporation (NASDAQ:MTSC) shares over potential securities laws violations by MTS Systems was announced and NASDAQ:MTSC stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWire) -- 12/21/2016 --An investigation was announced on behalf of investors of MTS Systems over potential securities laws violations by MTS Systems in connection certain financial statements.
Investors who purchased shares of MTS Systems Corporation (NASDAQ:MTSC), 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 whether a series of statements by MTS Systems regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On November 29, 2016, MTS Systems Corporation announced that it would delay filing its Form 10-K with the U.S. Securities and Exchange Commission ("SEC") due to purported violations of its code of conduct in China. MTS Systems Corporation detailed that certain individuals in leadership roles at the company had been associating with a competitor. MTS Systems Corporation further disclosed that it had initiated an internal investigation which would also delay the issuance of its fourth quarter and full year earnings. Shares of MTS Systems Corporation (NASDAQ:MTSC) grew from $42.48 per share in June 2016 to as high as $57.00 per share on December 9, 2016.
On December 20, 2016, NASDAQ:MTSC shares closed at $56.55 per share.
Those who purchased shares of MTS Systems 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
Media Relations Contact
Michael Daniels
General Manager
Shareholders Foundation
858-779-1554
http://www.ShareholdersFoundation.com
View this press release online at: http://rwire.com/753120