San Diego, CA -- (SBWIRE) -- 02/26/2020 -- An investigation was announced over possible violations of securities laws by Boral Limited in connection with certain financial statements.
Investors who purchased shares of Boral Limited (OTC: BOALY), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether certain statements by Boral Limited regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
North Sydney, Australia based Boral Limited manufactures and supplies building and construction materials in Australia, North America, Asia, and internationally. On December 5, 2019, Boral Limited disclosed that it identified financial irregularities in its North American window business, involving the misreporting of inventory levels and raw material and labour cost at the window plants, and was conducting an internal investigation into the matter.
On February 9, 2020, Boral Limited revealed that its investigation had found inflated earnings at its North American window-making business and announced that the Company had fired the division's vice president of finance and financial controller.
Those who purchased shares of Boral Limited (OTC: BOALY) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.