TMCnet News
The Shuman Law Firm Investigates INTL FCStone, Inc.BOULDER, Colo. --(Business Wire)-- The Shuman Law Firm announces that it is investigating potential claims against certain officers and directors of INTL FCStone ("INTL FCStone" or the "Company") (Nasdaq: INTL). INTL FCStone is a New York-based provider of risk management advisory services to commercial customers in commodities, capital markets, currencies and asset management. The Firm's investigation concerns the Company's December 17, 2013, announcement that INTL FCStone has identified accounting errors in the reconciliation of its subsidiary, INTL FCStone Markets, LLC. As a result, the Company is unable to file its Form 10-K for the fiscal year ended September 30, 2013. INTL FCStone disclosed that these errors may reflect an overstatement of revenue in trading gains of up to $10.2 million, resulting in an overstatement of net income up to $6.4 million. The Company may need to restate its financial statements for fiscal years 2011 and 2012. If you currently own INTL FCStone common stock and are interested in discussing your rights as a shareholder, or have information relating to this investigation, please contact Kip B. Shuman or Rusty E. Glenn toll free at (866) 974-8626 or email Mr. Shuman at [email protected] or email Mr. Glenn at [email protected]. The Shuman Law Firm represents investors throughout the nation, concentrating its practice in stockholder litigation. |
