House & Home
Tue, June 21, 2011Mon, June 20, 2011Sun, June 19, 2011Sat, June 18, 2011Fri, June 17, 2011Thu, June 16, 2011Wed, June 15, 2011Tue, June 14, 2011Mon, June 13, 2011Sat, June 11, 2011Fri, June 10, 2011Thu, June 9, 2011Wed, June 8, 2011Tue, June 7, 2011Mon, June 6, 2011Sun, June 5, 2011Fri, June 3, 2011Thu, June 2, 2011Wed, June 1, 2011Tue, May 31, 2011Mon, May 30, 2011Sat, May 28, 2011Fri, May 27, 2011Thu, May 26, 2011Wed, May 25, 2011Tue, May 24, 2011Mon, May 23, 2011Fri, May 20, 2011Thu, May 19, 2011Wed, May 18, 2011Tue, May 17, 2011Mon, May 16, 2011Sun, May 15, 2011Sat, May 14, 2011Fri, May 13, 2011Thu, May 12, 2011Wed, May 11, 2011Tue, May 10, 2011Mon, May 9, 2011Sat, May 7, 2011Fri, May 6, 2011Thu, May 5, 2011Wed, May 4, 2011Tue, May 3, 2011Mon, May 2, 2011Sun, May 1, 2011Fri, April 29, 2011Thu, April 28, 2011The Briscoe Law Firm Investigates WMS Industries Inc. on Behalf of Shareholders for Possible Breaches of Fiduciary Duties by it
//house-home.news-articles.net/content/2011/05/2 .. possible-breaches-of-fiduciary-duties-by-it.html
Published in House and Home on Wednesday, May 25th 2011 at 15:42 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
DALLAS--([ BUSINESS WIRE ])--[ The Briscoe Law Firm, PLLC ], founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the law firm of [ Powers Taylor, LLP ] are investigating potential legal claims against the officers and Board of Directors of WMS Industries Inc. (aWMS Industriesa or aWMSa) (NYSE: [ WMS ]) during the period of November 11, 2010 through April 11, 2011 (the aClass Perioda).
It has been alleged in a recently filed complaint that during the Class Period, WMS Industries and certain of its officers and directors made materially false and misleading statements or failed to disclose material information related to WMS Industriesa™ business and operations in violation of the Securities Exchange Act of 1934. Specifically, the complaint alleges: (a) the defendants failed to disclose that the purported current aexecutiona on business operations was faltering and could not drive and support revenue and profitability guidance; (b) the defendants failed to disclose that the industry-wide weak replacement cycle had negatively impacted WMS Industriesa™ sales and margin growth and could not be offset by currently flawed execution and demand for WMS Industriesa™ gaming machines; and (c) as a result of the above, the defendants failed to disclose that the company did not have a reasonable basis for its revenue and margin forecasts for fiscal 2011 in light of known negative business and industry trends. On April 11, 2011, when the truth was disclosed, the price of WMS stock declined from 17%.
If you currently own or purchased WMS Industries/[ WMS ] shares and would like additional information regarding this investigation or if you have information regarding the allegations against the company, please contact Patrick Powers at [ Powers Taylor, LLP ], toll free (877) 728-9607, via e-mail at [ patrick@powerstaylor.com ], or Willie Briscoe at [ The Briscoe Law Firm, PLLC ], toll free (877) 397-5991, or via email at [ WBriscoe@TheBriscoeLawFirm.com ]. There is no cost or fee to you.
[ The Briscoe Law Firm, PLLC ] is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
[ Powers Taylor, LLP ] is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
