NEW YORK--(BUSINESS WIRE)--
Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Orbotech Ltd. (NASDAQ: ORBK) resulting from allegations that Orbotech may have issued materially misleading business information to the investing public.
On May 22, 2017, Orbotech disclosed that the Israel Tax Authority (“ITA”) assessed Orbotech for $58 million in taxes for fiscal years 2012-2014. Additionally, Orbotech disclosed that the ITA is conducting a criminal investigation relating to tax positions taken by Orbotech in the audit period as well as in prior periods that involved document collection at Orbotech’s headquarters in Israel and at the office of Orbotech’s tax consultant. On this news, shares of Orbotech fell $2.22 per share or over 6% to close at $34.50 per share on May 22, 2017, damaging investors.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Orbotech investors. If you purchased shares of Orbotech, please visit the firm’s website at http://www.rosenlegal.com/cases-1134.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at [email protected] or [email protected].
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Since 2014, Rosen Law Firm has been ranked #2 in the nation by Institutional Shareholder Services for the number of securities class action settlements annually obtained for investors.
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