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Copyright ©2011 Levi & Korsinsky, LLP
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| Powell Industries, Inc. |
| Powell Industries, Inc. (NASDAQ: POWL) shareholder litigation in connection with alleged securities fraud |
Levi & Korsinsky is investigating potential claims on
behalf of purchasers of the securities of Powell
Industries, Inc. (“Powell” or the “Company”)
(NASDAQ: POWL) concerning possible violations of
federal securities laws.
behalf of purchasers of the securities of Powell
Industries, Inc. (“Powell” or the “Company”)
(NASDAQ: POWL) concerning possible violations of
federal securities laws.
The investigation stems from allegations that certain statements issued by the Company between
May 3, 2001 and November 8, 2011 were false and misleading. On November 8, 2011, the
Company issued a press release announcing that its financial statements for the second and third
quarters of fiscal 2011 contained “certain accounting errors originating from its Canadian
operations,” and should not longer be relied upon.
May 3, 2001 and November 8, 2011 were false and misleading. On November 8, 2011, the
Company issued a press release announcing that its financial statements for the second and third
quarters of fiscal 2011 contained “certain accounting errors originating from its Canadian
operations,” and should not longer be relied upon.
