Wolf Popper LLP Announces Investigation of Fraud Claims on Behalf of Investors in PAREXEL International Corp.

NEW YORK, Nov. 11, 2016 /PRNewswire-USNewswire/ -- Wolf Popper LLP is investigating potential claims on behalf of investors in PAREXEL International Corp. (NASDAQ: PRXL), resulting from PAREXEL's disclosure that it will delay the release of its Form 10-Q for the fiscal quarter ended September 30, 2016.  PAREXEL investors can contact Fei-Lu Qian at 877.370.7703 or [e-mail] for more information.

On November 11, 2016, PAREXEL disclosed that it has "identified potential errors related to the timing of revenue recognition, almost all related to prior periods, with regard to its Clinical Research Services business segment."  As a result, "the Company anticipates that the correction of these errors … and certain other minor corrections will have an adverse impact on revenue of approximately $6.7 million and on diluted earnings per share of approximately $0.08 for the fiscal quarter ended September 30, 2016."

On this disclosure, PAREXEL common stock plummeted intra-day on November 11, 2016 by more than $5.00 per share.

Wolf Popper LLP has extensive experience representing shareholders in securities class actions.  The reputation and expertise of the firm in representing shareholders has been repeatedly recognized by the courts, which have appointed the firm to major positions in securities litigation.  See www.wolfpopper.com.

Attorney Advertising: Prior Results Do Not Guarantee A Similar Outcome.

Wolf Popper LLP
Fei-Lu Qian
845 Third Avenue
New York, NY 10022
Tel.: [phone]
Fax: [phone]
Email: [e-mail] 

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/wolf-popper-llp-announces-investigation-of-fraud-claims-on-behalf-of-investors-in-parexel-international-corp-300361528.html

SOURCE Wolf Popper LLP

Copyright 2016 PR Newswire