1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution
Shareholders Foundation, Inc. Logo

KMG Chemicals, Inc. (NYSE:KMG) Investor Investigation over possible Violations of Securities Laws

An investigation for investors in KMG Chemicals, Inc. (NYSE:KMG) shares over potential securities laws violations by KMG Chemicals, Inc.. was announced and NYSE:KMG stockholders should contact the Shareholders Foundation.

FOR IMMEDIATE RELEASE

 
PRLog (Press Release) - Dec. 18, 2013 - An investigation on behalf of investors of KMG Chemicals, Inc. (NYSE:KMG) shares over potential securities laws violations by KMG Chemicals, Inc. and certain of its directors and officers in connection certain financial statements was announced.

If you purchased shares of KMG Chemicals, Inc. (NYSE:KMG), you have certain options and you should contact the Shareholders Foundation at mail@shareholdersfoundation.com (mailto:mail@shareholdersfoundation.com) or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of KMG Chemicals, Inc. (NYSE:KMG) concerning whether a series of statements by KMG Chemicals, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

KMG Chemicals, Inc. reported that its Total Revenue increased from $255.60 million for the 12 months period that ended on July 31, 2011 to $272.70 million for the 12 months period that ended on July 31, 2012 and that its respective Net Income increased from $9.73 million to $13.82 million.

Shares of KMG Chemicals, Inc. (NYSE:KMG) grew from $17.04 per share in late 2012 to as high as $23.76 per share on October 11, 2013.

Then on October 14, 2013, KMG Chemicals, Inc. provided its preliminary Fourth Quarter and Fiscal 2013 Financial Results. However, KMG Chemicals, Inc also announced that it will delay the full release of its fiscal fourth quarter and fiscal year 2013 financial results, and delay the conference call due to a need for additional time to fully and accurately address the complexities and accounting requirements arising from the acquisition of OM Group’s Ultra Pure Chemicals (UPC) business.

Then on October 24, 2013, KMG Chemicals, Inc reported its fourth quarter and full year 2013 financial results.

KMG Chemicals, Inc. reported that its Total Revenue declined from $272.70 million for the 12 months period that eneded on July 31, 2012 to $263.31 million for the 12 months period that ended on July 31, 2013 and that its respective Net Income declined from $13.82 million to $9.35 million.

On October 31, 2013, KMG Chemicals, Inc announced that Vice President and Chief Financial Officer resigned.

Shares of KMG Chemicals, Inc declined from $23.76 per share on October 11, 2013 to $19.14 per share on November 7, 2013.

Those who purchased shares of KMG Chemicals, Inc. (NYSE:KMG), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Contact
Shareholders Foundation, Inc.
+1-(858)-779-1554
mail@shareholdersfoundation.com

--- End ---

Click to Share

Contact Email:
***@shareholdersfoundation.com Email Verified
Source:Shareholders Foundation, Inc.
Industry:Business, Finance
Tags:KMG Chemicals, NYSE KMG
Shortcut:prlog.org/12258435
Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Latest Press Releases By “

More...

Trending News...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
9K2K1K
Click to Share