The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Belden Inc. ("Belden" or "the Company") BDC for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Belden admitted on December 3, 2018, that the SEC has commenced an investigation of a material weakness in the Company's Form 10-K for the year ended December 31, 2017. The weakness being investigated involves the Company's recognition of revenue within its business. Based on this news, shares of Belden fell almost 10% on December 4, 2018.
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 424-303-1964, 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 brian@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.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190903005783/en/
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