TMCnet News
EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Hill International, Inc. - HILIRosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Hill International, Inc. (OTC: HILI) resulting from allegations that Hill International may have issued materially misleading business information to the investing public. On August 10, 2017, Hill International announced that it was delaying the filing of its second quarter 2017 financial results. On this news, shares of Hill International fell $0.30 per share or over 6% over the next two trading days to close at $4.30 per share on August 11, 2017. Then, on September 21, 2017, Hill International announced that it needed to restate previously issued financial statements for the years ended December 31, 2014, 2015, and 2016 as well as quarters ended March 31, June 30, and September 30 in 2015 and 2016. On this news, shares of Hill International fell $0.15 per share or over 7% over the next two trading days to close at $4.80 per share on September 22, 2017. Since then, Hill International has failed to timely file its annual and quarterly reports with the SEC (News - Alert). On August 13, 2018, after the market closed, Hill International announced that it would not be able to file its delinquent annual report for the year ended December 31, 2017, and quarterly reports for the first and second quarters of 2018 by the extended deadline granted by the NYSE. As a result of not beingable to file these reports by the extended deadline, Hill International disclosed that the NYSE announced it suspended the trading of Hill International common stock and commenced proceedings to delist Hill International's stock from the NYSE. On this news, shares of Hill International began trading on the OTC Markets and fell during intraday trading on August 14, 2018. Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Hill International investors. If you purchased shares of Hill International please visit the firm's website at http://www.rosenlegal.com/cases-984.html for more information. You may also contact Phillip Kim or Zachary Halper of Rosen Law Firm toll free at 866-767-3653 or via email at [email protected] or [email protected]. Follow us for updates on LinkedIn (News - Alert): https://www.linkedin.com/company/the-rosen-law-firm or on Twitter (News - Alert): https://twitter.com/rosen_firm. Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Attorney Advertising. Prior results do not guarantee a similar outcome.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180814005655/en/ |
