DENVER, July 17, 2008 (PRIME NEWSWIRE) -- The law firm of Dyer & Berens LLP (www.DyerBerens.com) today encouraged persons who currently own the common stock of TeleTech Holdings, Inc. ("TeleTech" or the "Company") (Nasdaq:TTEC) to contact Jeffrey A. Berens of Dyer & Berens LLP at 1-888-300-3362, 303-861-1764 or via email at jeff@dyerberens.com, concerning their legal rights and interests regarding the Company's recent financial restatement.
Dyer & Berens LLP is investigating potential legal claims related to the Company's restatement and its previous disclosures concerning stock options it granted to certain Company employees.
On July 16, 2008, the Company announced that it has now filed its previously-delayed periodic reports with the SEC, including its Form 10-K for the year ended December 31, 2007 and its Form 10-Q for the quarters ended September 30, 2007 and March 31, 2008. These filings include financial statements that were restated due to TeleTech's improper accounting for equity-based compensation from the time of the Company's 1996 IPO through August 2007. The cumulative, non-cash expense recorded as part of the restatement for equity-based compensation expense was $59.7 million on a pre-tax basis.
For a free consultation regarding your rights and interests with respect to your TeleTech stockholdings, you may contact Jeffrey A. Berens, Esq. at 1-888-300-3362, 303-861-1764 or via email at jeff@dyerberens.com.
The law firm of Dyer & Berens LLP focuses on shareholder litigation on behalf of investors throughout the nation. For more information about the firm, please go to www.DyerBerens.com.