GPM Reminds Investors of the May 6 Deadline in the Class Action Lawsuit Against PTC Inc. and Encourages Investors to Contact
the Firm
Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming May 6, 2016 deadline to
file a lead plaintiff motion in the class action filed on behalf of investors who purchased PTC Inc. (“PTC” or the “Company”)
(NASDAQ: PTC) securities between November 24, 2011 and July 29, 2015 , inclusive (the “Class Period”). PTC
investors have until May 6, 2016 to file a lead plaintiff motion.
On February 16, 2016, PTC disclosed that it had come to an agreement with the U.S. Securities and Exchange Commission and the
Department of Justice, concerning allegations that the Company bribed Chinese government officials to obtain favorable contracts.
PTC paid penalties and interest of $28.2 million and admitted that two of its units had coordinated recreational trips to the
United States for Chinese officials in return for advantageous contracts with Chinese-state owned institutions. Following news of
the corruption charges the Company’s shares fell sharply in value thereby damaging investors.
According to the complaint, throughout the Class Period PTC issued false and misleading statements to investors and/or failed to
disclose that: (1) PTC did not disclose to the SEC and the DOJ the full results of its investigation into whether PTC China
improperly provided recreational travel to Chinese government officials in violation of the FCPA; (2) PTC was not cooperating with
the SEC and the DOJ in connection with their investigations into whether PTC China improperly provided recreational travel to
Chinese government officials in violation of the FCPA; (3) PTC’s books and records were inaccurate and PTC failed to maintain
adequate internal accounting controls; and (4) as a result, PTC’s public statements were materially false and misleading at all
relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
GPM represents institutional and retail investors in securities class actions throughout the country, and has recovered millions
of dollars on behalf of investors.
If you purchased PTC shares during the Class Period, you may move the Court no later than May 6, 2016 to
request appointment as lead plaintiff. To be a member of the class you need not take any action at this time; you may retain
counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this
action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please
contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150,
Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com,
or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and
number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Glancy Prongay & Murray LLP, Los Angeles
Lesley Portnoy, 310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com
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