Block & Leviton LLP :: Investigations
Block & Leviton LLP Investigates Chemed Corporation for Possible Violations of the Federal Securities Laws
B&L, on May 3, 2013, commenced an investigation into the Board of Directors at Chemed Corporation for potential violations of the Federal securities laws. Their investigation is focusing on whether the Company improperly billed Medicare for Hospice Service and other related charges. Upon the news that the Department of Justice had initiated a complaint against Chemed, shares of the Company plummeted in their largest single day loss in over five years. Read More
Block & Leviton LLP Investigates UniTek Global Services, Inc. for Possible Violations of the Federal Securities Laws
On April 13, 2013, B&L launched an investigation into whether UniTek violated the federal securities laws following its announcement that “several employees … engaged in fraudulent activities that resulted in improper revenue recognition” and, therefore, the Company’s fiscal results for 2011 and 2012 would be restated. Read More
Block & Leviton Investigates Tech Data Corporation and Certain of Its Officers and Directors for Possible Violations of the Federal Securities Laws.
On March 21, 2013, following Tech Data's announcement that it will be restating nearly three years of its financial results, B&L launched an investigation into potential fraudulent conduct at the company.
Read More
Block & Leviton LLP Investigates Harvest Natural Resources, Inc. and Certain of Its Officers and Directors for Possible Violations of the Federal Securities Laws
On March 19, 2013, B&L launched an investigation into the Board of Directors at Harvest Natural Resources, Inc., for possible violations of the Federal securities laws. The investigation focuses on whether the Company maintained proper financial controls in light of its announcement on March 19, 2013 that it anticipates restating its financial results for 2010, 2011 and 2012. Read More
Block & Leviton Investigates Maxwell Technologies, Inc. for Violations of the Federal Securities Laws
On March 8, 2013, B&L launched an investigation into Maxwell Technologies for making false and misleading statements between April 28, 2011 and March 7, 2013 Read More
Block & Leviton LLP Investigates Zipcar, Inc., for Possible Breaches of Fiduciary Duty in Connection with Its Acquisition by Avis Budget Group Inc.
On January 2, 2013, B&L launched an investigation into the Board of Directors at Zipcar, Inc., for possible breaches of financial duty arising out of the Company’s acquisition by Avis. The investigation focuses on whether the Board properly valued the Company in light of the stunning recent performance of Zipcar stock and the overall fairness of the transaction.
Read More
Block & Leviton LLP Investigates Net 1 UEPS Technologies, Inc. and Certain of Its Officers and Directors for Possible Violations of the Federal Securities Laws
On December 4. 2012, B&L began an investigation into Net 1 UEPS Technologies, Inc. (“Net 1” or the “Company”) after the Company disclosed that it was being investigated by Department of Justice (“DOJ”), Criminal Division, and Securities and Exchange Commission (“SEC”) regarding violations of the Foreign Corrupt Practices Act and other laws, a revelation which caused Net 1’s stock to plummet 60% in heavy trading. Read More
Block & Leviton LLP Investigates KIT Digital, Inc. and Certain of Its Officers and Directors for Possible Violations of the Federal Securities Laws
On November 26, 2012, B&L launched an investigation into Kit Digital, Inc.’s need to restate its previous 14 quarters of financial results and the Company’s announcement that its previously issued financial statements and guidance should no longer be relied upon.
Read More
Block & Leviton LLP Investigates Ralcorp Holdings Inc.’s Board of Directors for Possible Breaches of Fiduciary Duty
On November 27, 2012, B&L launched an investigation into possible breaches of fiduciary duties by Ralcorp’s Board of Directors in response to their decision to sell the company to ConAgra for $90.00 per share. Read More
Block & Leviton LLP Investigates Veeco Instruments Inc. for Possible Violations of the Federal Securities Laws
B&L has launched an investigation into Veeco Instruments after it delayed the filing of its 3Q 2012 Form 10-Q because the company is evaluating the timing of recognition of revenue on the sale of certain Metal Organic Chemical Vapor Deposition systems and related upgrades to these systems. Read More
