mail@shareholdersfoundation.com
An investigation on behalf of current investors of PAR Technology Corporation (Public, NYSE:PTC) over possible shareholder claims arising out of potential stock option backdating was announced.
If you currently hold PAR Technology Corporation (NYSE: PTC) shares, you have certain options and you should contact the Shareholders Foundation, Inc at:
Email: mail@shareholdersfoundation.com
or at: +1 (858) 779 - 1554
According to the investigation by a law firm the investigation focuses on P A R TECH CP
(NYSE: PTC) shareholder claims that certain PAR Technology’s officers and directors received backdated stock options, where the date of stock options the company awards are changed to coincide with big moves in the company's stock price. PAR Technology Corporation conducts business in two segments: hospitality and government. PAR Technology Corp's core business is a provider of technology solutions, including hardware, software and professionaltraditional services to businesses in the global hospitality and specialty retail industries. The corporate insiders and executives of some companies have, so the investigation, apparently been granted stock options that were miraculously awarded just before a large run-up, obviously making those options more valuable. According to the investigation numerous stock options at PAR Technology Corporation were backdated or misdated over numerous years, and that, as a result, the certain officers & directors of PAR Technology Corp. have been unjustly enriched and PAR Technology’s financial statements have been false & misleading for a multi-year period. PAR Technology Corporation is located in New Hartford, NY, and reported in 2007 Total Revenue of $209.48million and in 2008 Total Revenue of $232.69million total revenue with $2.22million net income. The shares of PAR Technology Corporation (NYSE: PTC) traded recently at $6.43 per share, down from its 52weekHigh of $7.25 per share, $9.40 per share in ’08, and over $23 per share in 2005.
Those who currently hold PAR Technology Corporation (NYSE: PTC) shares, have certain options and should contact the Shareholders Foundation, Inc at:
Email: mail@shareholdersfoundation.com
or at: +1 (858) 779 - 1554
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423 -
92108 San Diego
Tel:+1-(858)-
Fax:+1-(858)-
mail@shareholdersfoundation.com
www.ShareholdersFoundation.com
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