Levi & Korsinsky announces that a class action has commenced in the United States District Court for the Central District of California on behalf of shareholders who purchased Quiksilver Inc. (NYSE: ZQK) securities between June 6, 2014 and March 26, 2015.
On March 4, 2015 the Company disclosed there would be a delay in the release of its financial results for the first quarter of 2015 due to management’s identification of a revenue recognition issue. Then on March 26, 2015, the Company announced that the Company’s internal controls over financial reporting, contrary to its previous reporting, were ineffective as of October 31, 2014. Then on March 27, 2015 the Company announced the resignation of the Company’s CEO and CFO. If you suffered a loss in Quiksilver you have until June 1, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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