An investigation was announced for investors in NYSE:PAR shares over potential securities laws violations by Par Technology.
The investigation by a law firm focuses on whether a series of statements by PAR Technology regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On May 15, 2017, PAR Technology Corporation announced its 2017 first quarter results and filed its Form 10-Q with the U.S. Securities and Exchange Commission (“SEC”), in which it revealed that certain import/export and/or documentation of sales activities at the company’s China and Singapore offices were improper and in possible violation of the U.S. Foreign Corrupt Practices Act and other applicable laws and company policies. PAR Technology Corporation disclosed that on May 1, 2017, PAR Technology Corporation announced received a subpoena from the SEC relating to the company’s investigation. PAR Technology Corporation announced further noted that the company could be exposed to a broad range of civil and criminal sanctions and that “the imposition of sanctions, fines or remedial measures could have a material adverse effect on the Company’s business, prospects, reputation, financial condition, liquidity, results of operations or cash flows.”
Those who purchased NYSE:PAR 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 NYSE:PAR Investor News: Investigation of PAR Technology Corporation announced appeared first on Ground Report.
This post first appeared on 6 Surprising Benefits Of Custom Graphic Design To Build Your Brand, please read the originial post: here