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SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of PAREXEL International Corporation (PRXL)

Monday, November 14, 2016 Corporate News J E 4
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NEW YORK, Nov. 14, 2016 /PRNewswire/ -- Attorney Advertising-- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of PAREXEL International Corporation ("PAREXEL" or the "Company") (NASDAQ: PRXL). Such investors are advised to contact Peretz Bronstein or his investor relations analyst Yael Hurwitz at info@bgandg.com or 212-697-6484.  

The investigation concerns whether PAREXEL and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

On August 30, 2016, after market hours, PAREXEL stated that it was postponing its 2016 Annual Report filing on Form 10-K after it received a report about an "incident of misappropriation of corporate funds by an employee in one of the Company's international operations." Following this news, PAREXEL stock dropped close to 5% on August 31, 2016. Then on November 11, 2016, PAREXEL said that it was postponing its quarterly report for the third quarter 2016, mentioning potential errors in its revenue recognition. Following this news, PAREXEL stock dropped $4.75 per share, or roughly 8%, to close on November 11, 2016 at $55.73 per share.

If you are aware of any facts relating to this investigation, or purchased shares PAREXEL, you can assist this investigation by visiting the firm's site: http://www.bgandg.com/prxl. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484 or via email info@bgandg.com.  Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:Bronstein, Gewirtz & Grossman, LLCPeretz Bronstein or Yael Hurwitz212-697-6484 | info@bgandg.com

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/shareholder-alert-bronstein-gewirtz--grossman-llc-announces-investigation-of-parexel-international-corporation-prxl-300361999.html

SOURCE Bronstein, Gewirtz & Grossman, LLC

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