NEW YORK, Aug. 16, 2013 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Uroplasty, Inc. ("Uroplasty" or the "Company") (Nasdaq: UPI ) of the August 30, 2013 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain executives.
A complaint has been filed on behalf of all persons who purchased Uroplasty securities between July 26, 2012 and June 13, 2013 (the "Class Period").
The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning business, operational, and compliance policies. Specifically, the action focuses on whether Uroplasty failed to disclose that it improperly recognized revenues and that it made improper payments of commission sales.
On June 14, 2013, the Company announced that it would delay filing its Annual Report for the year ended March 31, 2013, pending a review of its internal control regarding financial reporting. It further stated that its Chief Financial Officer would be placed on administrative leave. Following this news, Uroplasty's stock price dropped over 10%.
Request more information now by clicking here: www.faruqilaw.com/UPI . There is no cost or obligation to you.
Take Action
If you invested in Uroplasty's stock or options between July 26, 2012 and June 13, 2013 and would like to discuss your legal rights, visit www.faruqilaw.com/UPI . You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com or fmcconville@faruqilaw.com . Faruqi & Faruqi, LLP also encourages anyone with information regarding Uroplasty's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com ). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
FARUQI & FARUQI, LLP 369 Lexington Avenue, 10th Floor New York, NY 10017 Attn: Richard Gonnello, Esq. Francis McConville, Esq. Telephone: (877) 247-4292 or (212) 983-9330
