Hagens Berman Investigating Schawk Inc. on Behalf of Investors
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CHICAGO--(Business Wire)--
Hagens Berman Sobol Shapiro LLP announced it is investigating reports of
possible securities law violations at Schawk, Inc. (NYSE:SGK) ("Schawk") related
to its restatement of financial results for the years ending Dec. 31, 2005 and
2006 and the first three quarters of 2007.
On March 5, 2009, the Securities Exchange Commission (SEC) informed Schawk that
the SEC issued a Formal Order of Investigation regarding possible violations of
federal securities law. Schawk failed to inform investors of the SEC's
investigation until June 11, 2009, when it filed its delayed annual report on
Form 10-K.
The day Schawk publicly announced the SEC investigation, stock dropped from
$8.08 to $7.84. Over the course of the period affected by the restatement,
company stock has dropped significantly. Trading at more than $25 a share in May
of 2006, it closed today at $7.51 a share.
Headquartered in Des Plaines, Illinois, Schawk provides strategic, creative and
graphic services and solutions to clients in the consumer products, packaging,
retail, pharmaceutical and advertising markets.
If you are aware of any facts relating to this investigation, or purchased
shares of Schawk during the affected period, you can assist this investigation
by contacting one of our attorneys at schawk@hbsslaw.com.
You can also contact the firm through its securities Web site at
www.hbsslawsecurities.com/schawk.
Hagens Berman Sobol Shapiro, a law firm with offices in Seattle, San Francisco,
Los Angeles, Boston, Chicago, Phoenix and New York is active in major litigation
pending in federal and state courts throughout the United States and has taken a
leading role in many important actions on behalf of defrauded investors,
consumers, and companies, as well as victims of human rights violations. The
Hagens Berman Web site (www.hbsslaw.com) has more information about the firm.
Hagens Berman Sobol Shapiro LLP
Beth Fegan or Reed Kathrein
708-776-5600 or 510-725-3000
schawk@hbsslaw.com
www.hbsslawsecurities.com/schawk
Copyright Business Wire 2009
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