new york, March 11, 2023 /PRNewswire/ — Faruqi & Faruqi, LLP, one of the nation’s leading securities law firms, is investigating potential claims against Techtronic Industries Company Limited (“Techtronic Industries” or the “Company”) (OTC: TTNDY) .
If you suffer damage above $50,000 Investing in Techtronic Industries stock or options Call Faruqi & Faruqi Partners if you want to discuss your legal rights Josh Wilson directly and 877-247-4292 again 212-983-9330 (ext.1310)You can also click here for additional information. www.faruqilaw.com/TTNDY.
There are no costs or obligations on you.
Faruqi & Faruqi is a leading minority- and women-owned state-owned securities law firm with offices in: new york, pennsylvania, California and Georgia.
Hong Kong Power tool maker Techtronics captured the attention of US-based investors by reporting improved semi-annual gross margins for the 10th consecutive year. billion dollars Worldwide earnings can be claimed.
Tektronix earnings recently questioned February 22, 2023when Jehoshaphat Research released a report alleging that the company had “dramatically inflated profits through manipulative accounting for more than a decade.”
Specifically, Jehoshaphat Research accuses the company of mismanaging costs.”[b]Billions of dollars worth of recurring expenses are crammed into various asset accounts each year, an accounting trick known as the “snowball.”
According to Jehoshaphat Research, each year TTI disposes of a large amount of tangible assets such as real estate, factories and equipment for near loss on sale. This shows that TTI invests regular operating expenses in assets.
The report also accused the company of ignoring its own accounting policy on bad debt provisions to delay costs.
Shares of Tektronix plummeted on the news.
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