DALLAS--(EON: Enhanced Online News)--Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, has launched an investigation of NN, Inc. (“NN” or “Company”) (NASDAQ: NNBR) and several officers and directors for possible violations of federal securities laws.
“identified material weaknesses in our internal control over financial reporting which could, if not remediated, result in material misstatements in our financial statements.”
The firm is investigating potential legal claims against the officers and Board of Directors of NN. If you are an affected NN shareholder and want to learn more about the investigation, contact Willie Briscoe at The Briscoe Law Firm, PLLC via email at firstname.lastname@example.org, or call toll free at (888) 809-2750. There is no cost or fee to you.
The firm seeks to determine if the defendants violated certain provisions of the Securities Exchange Act of 1934. Specifically, the investigation concerns whether NN and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. On March 16, 2017, the Company disclosed that it had “identified material weaknesses in our internal control over financial reporting which could, if not remediated, result in material misstatements in our financial statements.” NN also disclosed that “because of these material weaknesses, our management concluded that we did not maintain effective internal control over financial reporting as of December 31, 2016.” On this news, NN’s share price dropped significantly.
The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.