Levi & Korsinsky announces it has commenced an investigation of Sanmina Corporation (NASDAQ: SANM) concerning possible violations of federal securities laws. The investigation concerns whether Sanmina issued materially false and/or misleading statements regarding its growth prospects.
On October 31, 2017, Sanmina shares were down more than 15% on intraday trading following the release of the Company’s preliminary results for the fourth quarter and full year 2017. In an earnings call, the Company’s President, CEO & Director, Robert K. Eulau stated that “the financials of some of our operations were impacted by the onboarding and production ramp of new programs.”
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