Energy News / Shareholders Foundation, Inc.

Investor Notice: Quiksilver, Inc. (NYSE:ZQK) Faces Investigation over Possible Securities Laws Violations

Via: ReleaseWire

Updated 8:15 AM CDT, Tue, March 10,2015

An investigation for investors in Quiksilver, Inc. (NYSE:ZQK) shares over potential securities laws violations by Quiksilver was announced and NYSE:ZQK stockholders should contact the Shareholders Foundation.

San Diego, CA -- (ReleaseWire) -- 03/10/2015 -- An investigation on behalf of investors of Quiksilver, Inc. (NYSE:ZQK) shares over potential securities laws violations by Quiksilver, Inc. and certain of its directors and officers in connection certain financial statements was announced.

Investors who purchased shares of Quiksilver, Inc. (NYSE:ZQK), 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 possible claims on behalf of purchasers of the securities of Quiksilver, Inc. (NYSE:ZQK) concerning whether a series of statements by Quiksilver regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Quiksilver, Inc. reported that its Total Revenue declined from over $1.94 billion for the 12 months period that ended on October 31, 2012 to over $1.57 billion for the 12 months period that ended on October 31, 2014 and that its respective Net Loss increased from $10.76 million to $309.38 million. Shares of Quiksilver, Inc. (NYSE:ZQK) declined from $9.01 per share in November 2013 to as low as $14.8 epr share in December 2014.

Then on Mar. 4, 2015, Quiksilver, Inc. (NYSE:ZQK) announced that it has postponed the distribution of its 2015 first quarter earnings release, as well as the related conference call and webcast previously scheduled to take place on March 5th, as a result of a revenue cut-off issue identified by management and brought to the attention of the Audit Committee. Quiksilver, Inc. said the Audit Committee promptly commenced an investigation last week and has not yet reached any conclusions.

Shares of Quiksilver, Inc. (NYSE:ZQK) closed on March 6, 2015, at $1.72 per share.

Those who purchased shares of Quiksilver, Inc. (NYSE:ZQK) 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

For more information on this press release visit:
http://www.releasewire.com/press-releases/investor-notice-quiksilver-inc-nysezqk-faces-investigation-over-possible-securities-laws-violations-585327.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com