Tostrud Law Group, PC announces an investigation on behalf Brooks Automation, Inc. (“Brooks Automation” or the “Company”) (NASDAQ: BRKS) investors concerning the Company and its officers’ possible violations of federal securities laws.
On December 2, 2019, Brooks Automation disclosed that it could not timely file its fiscal 2019 annual report due to a review of revenue recognition with respect to products in its Semiconductor Solution Group and similar transactions. The Company also revealed that it would report a material weakness in the financial reporting of the Brooks Life Sciences segment related to price and quantity of certain billings.
On this news, Brooks Automation’s share price fell $3.16 per share, or 7.06%, to close at $41.61 per share on December 2, 2019, thereby injuring investors.
If you purchased Brooks Automation securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Jon A. Tostrud of Tostrud Law Group, PC by telephone at (310) 278-2600, toll-free at (855) 854-8678, or by email to firstname.lastname@example.org, or visit our website at http://tostrudlaw.com/.
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Tostrud Law Group, PC
Jon A. Tostrud, Esquire
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Los Angeles, CA 90067