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Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Veeco Instruments Inc.

Freitag, 16.11.2012 14:47 von PR Newswire

PR Newswire

NEW YORK, Nov. 16, 2012 /PRNewswire/ -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Veeco Instruments Inc. ("Veeco Instruments" or the "Company") (NASDAQGS: VECO).  The investigation focuses on whether the Company and its executives violated federal securities laws.  

Shares of Veeco Instruments fell $2.19 or 7.53% to close at $26.89 after the company disclosed that it informed the SEC that its third quarter filing will be late because it is evaluating the timing of revenue recognition on the sale of metal organic chemical vapor deposition systems and upgrades of those systems.  The Company said the review is not related to the performance of its products or their acceptance by customers.  The company said it could have to restate some of its previous quarterly results if it is required to change the timing of its revenue recognition. 

If you are aware of any facts relating to this investigation, or purchased shares of Veeco Instruments, you can assist this investigation by contacting either Peretz Bronstein or Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email eitan@bgandg.com. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman, 212-697-6484
eitan@bgandg.com

SOURCE Bronstein, Gewirtz & Grossman, LLC

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