LOS ANGELES, CA / ACCESSWIRE / August 15, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Dril-Quip, Inc. ("Dril-Quip" or "the Company") (NYSE:DRQ) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Dril-Quip filed a current report on Form 8-K with the SEC on July 8, 2024. The Company's filing disclosed it had "became aware of an error in the classification of certain inventory write-downs from 2021." The Company added, "after considering the recommendations of management and discussion with the Company's independent registered public accounting firm[,] the Audit Committee of our board of directors ("Audit Committee") concluded that the consolidated financial statements for the Affected Period should no longer be relied upon due to the error described above. Any previously issued or filed reports, press releases, earnings releases and investor presentations or other communications describing the Company's consolidated financial statements and other related financial information covering the Affected Period also should no longer be relied upon."
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CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
[email protected]
www.schallfirm.com
SOURCE: The Schall Law Firm