RBC Bearings Inc.
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to firstname.lastname@example.org.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at email@example.com.
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The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
1800 Century Park East, Suite 600
Los Angeles, CA 90067
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. RBC disclosed on August 4, 2022, that its financial statements for the years ending April 2, 2022, April 3, 2021, and March 28, 2020, along with all quarterly statements associated with these years, contained accounting errors related to non-cash stock-based compensation paid to its CEO and COO. The Company admitted that these financial statements would need to be restated by adjusting selling, general and administrative expenses to account for the non-cash stock-based compensation. Based on this news, shares of RBC fell sharply on the same day.