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TMCNet:  Law Offices of Howard G. Smith Announces Investigation on Behalf of Investors of Tech Data Corporation

[February 06, 2014]

Law Offices of Howard G. Smith Announces Investigation on Behalf of Investors of Tech Data Corporation

BENSALEM, Pa. --(Business Wire)--

Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of investors of Tech Data (News - Alert) Corporation ("Tech Data" or the "Company") (NASDAQ:TECD) concerning possible violations of federal securities laws. The investigation focuses on certain statements issued by Tech Data concerning the Company's financial performance.

Tech Data engages in the wholesale distribution of technology products, including computer peripherals, physical security, consumer electronics, digital signage and mobility hardware in North America, South America, Europe, the Middle East and Africa. The Company also provides training, technicalsupport and logistics management services. The investigation is related to the Company's March 21, 2013, announcement that the Company will restate some or all of its previously issued quarterly and audited annual financial statements for the fiscal years 2011 and 2012, and some or all of the quarters of fiscal year 2013, including its fourth quarter and fiscal year 2013 earnings release dated March 4, 2013, and that investors should no longer rely upon the Company's previously released financial statements and other financial data relating to these periods. According to the Company, the restatement will be made to correct "improprieties primarily related to how the Company's U.K. subsidiary reflected vendor accounting." The Company further disclosed that, as the result of an ongoing internal investigation, the Company is in the process of evaluating deficiencies in its internal controls over financial reporting.


If you purchased Tech Data common stock between March 1, 2011 and March 21, 2013, if you have information or would like to learn more about these claims, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.


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