An investigation was announced for investors in NYSE:CKH shares over potential securities laws violations by Seacor Holdings in connection certain financial statements.
The investigation by a law firm focuses on whether certain statements by Seacor Holdings, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Seacor Holdings, Inc. reported that its annual Total Revenue declined from over $1.31 billion in 2014 to over $1.05 billion in 2015 and that its Net Income of $100.13 million in 2014 declined to a Net loss of $68.78 million in 2015.
On March 2, 2017, pre-market, Seacor Holdings, Inc. announced that it will delay the release of results for its fourth quarter and year ended December 31, 2016. Seacor Holdings, Inc. said that it has not yet completed its assessment of the effectiveness of its internal controls over financial reporting as of December 31, 2016 due to certain control deficiencies identified related to impairment determinations and the approval of manual journal entries.
Seacor Holdings, Inc. said that although it has not concluded its assessment of the effectiveness of its internal control over financial reporting, it believes that these deficiencies could represent material weaknesses in its internal control over financial reporting. Shares of Seacor Holdings, Inc. (NYSE:CKH) declined to as low as $66.36 per share on March 2, 2017.
On March 13, 2017, NYSE:CKH shares closed at $66.27 per share.
Those who purchased NYSE:CKH shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego
The post Seacor Holdings, Inc. (NYSE:CKH) Investor News: Investigation concerning potential Violations of Securities Laws appeared first on GroundReport.
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