SAN DIEGO & EDEN PRAIRIE, Minn.--(EON: Enhanced Online News)--Shareholder rights law firm Robbins Arroyo LLP is investigating whether certain officers and directors of MTS Systems Corporation (NASDAQGS: MTSC) violated federal securities laws by issuing materially misleading business information to the investing public. MTS Systems supplies test systems and position sensors in the Americas, Europe, and Asia.
View this press release on the law firm's Shareholder Rights Blog: www.robbinsarroyo.com/shareholders-rights-blog/mts-systems-corporation
MTS Systems Reveals Code of Conduct Violations
On November 29, 2016, MTS Systems announced that it would delay filing its Form 10-K with the U.S. Securities and Exchange Commission due to purported violations of its code of conduct in China. MTS Systems detailed that certain individuals in leadership roles at the company had been associating with a competitor. The company further disclosed that it had initiated an internal investigation which would also delay the issuance of its fourth quarter and full year earnings.
MTS Systems Shareholders Have Legal Options
Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Darnell R. Donahue at (800) 350-6003, DDonahue@robbinsarroyo.com, or via the shareholder information form on the firm's website.
Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.
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