NEW YORK, April 7, 2015 (GLOBE NEWSWIRE) -- Morgan & Morgan announces that a class action lawsuit has been filed in the U.S. District Court for the Central District of California on behalf of purchasers of Quiksilver Inc. ("Quiksilver" or the "Company") (NYSE:ZQK) securities between June 6, 2014 through March 26, 2015. The lawsuit seeks to recover damages for Quiksilver investors under the federal securities laws.
If you purchased Quiksilver securities during the Class Period, you may, no later than June 1, 2015, request that the Court appoint you lead plaintiff of the proposed class. A lead plaintiff is a representative party that acts on behalf of all class members in directing the litigation. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
If you want more information about the Quiksilver Securities Class Action, contact Morgan & Morgan at 1(800) 732-5200 or email info@morgansecuritieslaw.com
Quiksilver and certain of its executives are charged with failing to disclose certain material information during the Class Period, violating federal securities laws.
On March 26, 2015, the Company announced that its Chief Executive Officer Andy Mooney and its Chief Financial Officer Richard Shields had left the Company. The Company also restated its selected quarterly fiscal year 2014 balance sheet data and income statement data. The Company said it made errors when recording a writedown of the sale of its stake in Surfdome Shop Ltd.
Following this news, Quiksilver's shares plummeted.
About Morgan & Morgan
Morgan & Morgan is one of the nation's largest 200 law firms. In addition to shareholder rights, the firm also practices in the areas of antitrust, personal injury, consumer protection, overtime, and product liability. All of the Firm's legal endeavors are rooted in its core mission: provide investor and consumer protection and always fight "for the people."
Attorney advertising. Prior results do not guarantee a similar outcome.
CONTACT: Morgan & Morgan
Peter Safirstein, Esq.
28 West 44th Street
Suite 2001
New York, NY 10036
1-800-732-5200
info@morgansecuritieslaw.com
