LOS ANGELES–(BUSINESS WIRE)–$BOALF #BOALF—The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Boral Limited (“Boral” or “the Company”) (OTC: BOALY, BOALF) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Boral admitted on December 5, 2019, that it had identified financial irregularities in its North American windows business. The irregularities involved the misrepresentation of inventory levels, raw materials, and labor costs at its window plants. The Company disclosed it would be investigating the matter internally. The Company then announced on February 9, 2020, that this investigation had uncovered inflated earnings in the window business, and that Boral was firing the division’s Vice President of Finance and Financial Controller in response.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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