BOSTON, March 08, 2019 (GLOBE NEWSWIRE) -- Block & Leviton LLP (www.blockesq.com), a securities litigation firm representing investors nationwide, is investigating whether Belden Inc. (“Belden” or the “Company”) (NYSE: BDC) and certain of its officers and directors violated federal securities laws.
On February 13, 2018, Belden disclosed that the Company’s internal control over financial reporting was not effective, and that internal control weakness led to inappropriate recognition of revenue within its Grass Valley business unit.
On December 3, 2018, Belden disclosed that the Securities and Exchange Commission was conducting an investigation related to this issue.
Following this disclosure on December 3, 2018, Belden’s shares were down approximately 9.7%, to close at $50.45 on December 4, 2018.
If you purchased or otherwise acquired Belden securities and have questions about your legal rights, or possess information relevant to this investigation, you are encouraged to contact attorney Dan DeMaria at (888) 868-2385, by email at dan@blockesq.com, or by visiting http://shareholder.law/cases/?case=belden.
Block & Leviton LLP was recently ranked 4th among securities litigation firms by ISS for recoveries in 2017. The firm represents many of the nation's largest institutional investors and numerous individual investors in securities litigation throughout the country. Indeed, its lawyers have recovered billions of dollars for its clients.
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CONTACT:
BLOCK & LEVITON LLP
Dan DeMaria
(617) 398-5660 phone
155 Federal Street, Suite 400
Boston, MA 02110
dan@blockesq.com
SOURCE Block & Leviton LLP