The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Techtronic Industries Company Limited (“Techtronic” or “the Company”) (OTC: TTNDY) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Techtronic is the subject of a report published by Jehoshaphat Research on February 22, 2023. The report alleges that the Company has been “inflating its profits dramatically for over a decade with manipulative accounting.” According to the report, the Company used the deceptive accounting trick of “snowballing” by “stuffing billions of dollars’ worth of routine expenses into various asset accounts, year after year.” The report claims the Company regularly disposes of considerable amounts of tangible assets as near-total losses, an indicator of capitalizing routine business expenses. Based on this report, shares of Techtronic fell by 5.7% on the same day.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20230302005318/en/
Contacts
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
info@schallfirm.com
www.schallfirm.com
