Zeldes Haeggquist & Eck, LLP Announces Investigation of INTL FCStone, Inc.
Zeldes Haeggquist & Eck, LLP, a shareholder and consumer rights litigation firm, is investigating potential claims on behalf of shareholders of INTL FCStone, Inc. (“INTL FCStone” or the “Company”) (NASDAQ: INTL) concerning whether certain officers and directors breached their fiduciary duties to shareholders and/or caused the Company to issue materially misleading statements.
INTL FCStone is a Fortune 500 company which provides risk management advisory services to commercial customers in commodities, capital markets, currencies, and asset management.
On December 17, 2013, INTL FCStone announced that it had identified accounting errors in the reconciliation of its subsidiary, INTL FCStone Markets, LLC. The Company filed a Form 12b-25 with the Securities and Exchange Commission (“SEC”), stating that the Company would be unable to file its Form 10-K for the fiscal year ended September 30, 2013. INTL FCStone believes these errors may reflect an overstatement of revenue trading gains of up to $10.2 million and net income of up to $6.4 million.
INTL FCStone also disclosed that it may need to restate its financial statements for fiscal years 2011 and 2012. Upon these revelations, the price of INTL FCStone shares dropped significantly. We are investigating whether the officers and directors of INTL FCStone breached their fiduciary duties owed to the Company and its shareholders in connection with this potential overstatement.
What You Can Do
If you are a long term INTL FCStone shareholder, you may have legal claims against INTL FCStone Officers and Directors. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Amber L. Eck at 619-342-8000, or by email at firstname.lastname@example.org. There is no cost to you.