Techtronic Industries
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.
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 info@portnoylaw.com.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com
The inquiry is centered on whether Techtronic provided false or misleading information to investors or neglected to reveal crucial details. A report from Jehoshaphat Research, released on February 22, 2023, has placed Techtronic in the spotlight. The report alleges that the company has engaged in manipulative accounting, leading to an exaggerated profit margin for over a decade. The report further accuses Techtronic of using the accounting technique of “snowballing” by consistently transferring billions of dollars in regular expenditures to various asset accounts. Additionally, the report claims that Techtronic frequently discards significant amounts of tangible assets at near-total losses, indicating that routine business expenses have been capitalized. Techtronic’s stock plummeted by 5.7% on the same day, following the report’s publication.
