BENSALEM, Pa. —Law Offices of Howard G. Smith reminds investors of the February 13, 2018 deadline to file a lead plaintiff motion in the class action filed on behalf of investors that purchased Liberty Tax, Inc. (“Liberty Tax” or the “Company”) (NASDAQ: TAX) securities between June 29, 2016 and December 11, 2017, inclusive (the “Class Period”). Liberty Tax investors have until February 13, 2018 to file a lead plaintiff motion.
Investors suffering losses on their Liberty investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to [email protected].
On September 6, 2017, Liberty Tax announced that founder and CEO John T. Hewitt had been terminated; and, on November 7, 2017, Liberty announced the resignation of Kathleen Donovan, its Vice President and Chief Financial Officer. On December 11, 2017, Liberty Tax reported that KPMG LLP resigned as its independent registered public accounting firm and that Liberty Tax would delay the filing of its quarterly report on Form 10-Q for the quarter ended October 31, 2017.
The complaint filed in this class action alleges that, throughout the Class Period, Defendants made a series of false and misleading statements regarding the Company’s disclosures, controls and procedures. For example, although Defendants told the investing public that the Company maintained effective internal controls to ensure the accuracy of its financial reporting, investors ultimately learned the opposite was true, i.e. the Company’s internal controls were ineffective and did not ensure accurate financial reporting. The market learned the truth on December 11, 2017, when Liberty Tax filed a Form 8-K with the SEC announcing the sudden resignation of its independent registered public accounting firm, and stated that the Company would delay the filing of its quarterly report on Form 10-Q for the quarter ended October 31, 2017.
If you purchased shares of Liberty Tax during the Class Period you may move the Court no later than February 13, 2018 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at http://www.howardsmithlaw.com.
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