Hagens Berman Investigating Schawk Inc. on Behalf of Investors
2009-06-30 22:40:06 -
Hagens Berman Sobol Shapiro LLP announced it is investigating reports of possible securities law violations at Schawk, Inc. (NYSE:SGK) (“Schawk”) related to its restatement of financial results for the years ending Dec. 31, 2005 and 2006 and the first three quarters of 2007.
On March 5, 2009, the Securities Exchange Commission (SEC) informed Schawk that the SEC issued a Formal Order of Investigation regarding possible violations of federal securities law. Schawk failed to inform investors of the SEC's investigation until June 11, 2009, when it filed its delayed annual report on Form 10-K.
The day Schawk publicly announced the SEC investigation, stock dropped from $8.08 to $7.84. Over the course of the period affected by the restatement, company stock has dropped significantly. Trading at more than $25 a share in May of 2006, it closed today at $7.51 a share.
Headquartered in Des Plaines, Illinois, Schawk provides strategic, creative and graphic services and solutions to clients in the consumer products, packaging, retail, pharmaceutical and advertising markets.
If you are aware of any facts relating to this investigation, or purchased shares of Schawk during the affected period, you can assist this investigation by contacting one of our attorneys at schawk@hbsslaw.com : mailto:schawk@hbsslaw.com .
You can also contact the firm through its securities Web site at www.hbsslawsecurities.com/schawk : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. .
Hagens Berman Sobol Shapiro, a law firm with offices in Seattle, San Francisco, Los Angeles, Boston, Chicago, Phoenix and New York is active in major litigation pending in federal and state courts throughout the United States and has taken a leading role in many important actions on behalf of defrauded investors, consumers, and companies, as well as victims of human rights violations. The Hagens Berman Web site ( www.hbsslaw.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. ) has more information about the firm.
Hagens Berman Sobol Shapiro LLPBeth Fegan or Reed Kathrein708-776-5600
or 510-725-3000 schawk@hbsslaw.com : mailto:schawk@hbsslaw.com www.hbsslawsecurities.com/schawk : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww ..
