LOS ANGELES-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.
“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”
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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We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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Contacts
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
info@schallfirm.com
www.schallfirm.com
