The Rosen Law Firm, a global investor rights law firm, announces it is
investigating potential securities claims on behalf of investors of
Installed Building Products, Inc. (NYSE:IBP) resulting from allegations
that Installed Building Products may have issued materially misleading
business information to the investing public.
On April 29, 2015, Seeking Alpha published a report on Installed
Building Products asserting that numerous red flags exist at the
Company, including: (1) misrepresented financials; (2) subtle
alterations of earnings definitions; (3) overstated cash flow; (4)
related party conflicts of interest; (5) margin goals that appear
disconnected from the company's economic model; (6) poorly disclosed
litigation accusing the company of systematically under-reporting hours
worked; (7) violations of the Fair Labor Standards Acts, and (8)
earnings estimates that have consistently been revised lower. On this
news, shares of Installed Building Products fell $2.71 per share or over
11% to close at $20.74 on April 29, 2015.
The Rosen Law Firm is preparing a class action lawsuit to recover losses
suffered by Installed Building Products investors. If you purchased
shares of Installed Building Products on or before April 28, 2015,
please visit the firm’s website at http://rosenlegal.com/cases-597.html
for more information. You may also contact Phillip Kim, Esq. or Kevin
Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via email
at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and shareholder
derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Copyright Business Wire 2015