An investigation for investors in Hill International, Inc. (OTC: HILI) shares over potential securities laws violations by Hill International, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 09/12/2018 -- An investigation for investors of Hill International, Inc. (OTC: HILI) shares over potential securities laws violations by Hill International in connection with certain financial statements was announced.
Investors who purchased shares of Hill International, Inc. (OTC: HILI), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Hill International regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Philadephia, PA based Hill International, Inc. provides project and construction management, and other consulting services primarily for the buildings, transportation, environmental, energy, and industrial markets.
On November 3, 2016 Hill International, Inc. announced that it will delay the release of its third quarter 2016 financial results due to "continuing discussions with its independent accounting firm regarding the accounting treatment of certain accounts receivable the outcome of which could have a material effect on the company's financial position and results of operations."
On August 10, 2017, Hill International, Inc. announced that it was delaying the filing of its second quarter 2017 financial results.
On September 21, 2017, Hill International, Inc. announced that it needed to restate previously issued financial statements for the years ended December 31, 2014, 2015, and 2016 as well as quarters ended March 31, June 30, and September 30 in 2015 and 2016.
On August 13, 2018, after the market closed, Hill International, Inc. announced that it would not be able to file its delinquent annual report for the year ended December 31, 2017, and quarterly reports for the first and second quarters of 2018 by the extended deadline granted by the NYSE. As a result of not being able to file these reports by the extended deadline, Hill International disclosed that the NYSE announced it suspended the trading of Hill International common stock and commenced proceedings to delist Hill International's stock from the NYSE.
Those who purchased shares of Hill International, Inc. (OTC: HILI) have certain options and should contact the Shareholders Foundation.
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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.
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