Investigation announced for Investors who lost money with shares of Lasertec Corporation (OTC: LSRCY)

An investigation was announced over potential securities laws violations by Lasertec Corporation in connection with certain financial statements.

Investors who purchased shares of Lasertec Corporation (OTC: LSRCY), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by Lasertec Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Japan based Lasertec Corporation engages in the designing, manufacturing, and sale of inspection and measurement equipment in Japan and internationally. Lasertec Corporation reported that its Total Revenue rose from over 90.37 billion for the 12 months period that ended on June 30, 2022, to over 152.83 billion for the 12 months period that ended on June 30, 2023, and that its Net Income increased from over 24.85 billion to over 46.16 billion.

On June 5, 2024, Scorpion Capital ("Scorpion") published an investigative report on Lasertec Corporation. Scorpion accused Lasertec Corporation of concocting a textbook accounting scheme, fraudulently inflating revenue, margins, and earnings. Scorpion also predicts that Lasertec will incur a significant impairment charge that could erase most of the Company's earnings since the launch of its flagship ACTIS extreme ultraviolet inspection machine.

Shares of Lasertec Corporation (OTC: LSRCY) declined from $57.45 per share on March 21, 2024, to $32.09 per share on August 01, 2024.

Those who purchased shares of Lasertec Corporation (OTC: LSRCY) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.