|By PR Newswire||
|August 18, 2014 05:35 PM EDT||
NEW YORK, Aug. 18, 2014 /PRNewswire/ -- Milberg LLP is investigating Fabrinet (the "Company") (NYSE:FN), for possible violations of federal securities laws.
On August 18, 2014, Fabrinet announced that it was postponing release of fourth quarter and fiscal year earnings pending an internal investigation into the Company's accounting practices. According to the Company "certain accounting issues were discovered by management, which prompted the Audit Committee to commence an internal investigation. The Audit Committee is investigating whether there were any violations of the Company's accounting policies associated with these potential accounting matters."
On this news, shares of Fabrinet fell $3.19 or 17.97% during intraday trading to trade at $14.56 on August 18, 2014.
If you have any information about the Company, or if you purchased Fabrinet shares, and you would like to learn more about this potential matter, please contact the following attorney:
Andrei Rado, Esq.
One Pennsylvania Plaza, 49th Fl.
New York, NY 10119-0165
Phone number: (800) 320-5081
Email: [email protected]
SOURCE Milberg LLP
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