Shareholder alert: khang & khang llp announces the filing of a securities class action lawsuit against caesarstone sdot-yam ltd. and encourages investors to contact the firm

Irvine, calif.--(business wire)--khang & khang llp (the “firm”) announces that a class action lawsuit has been filed against caesarstone sdot-yam ltd. (“caesarstone” or the “company”) (nasdaq: cste). investors who purchased or otherwise acquired shares between march 25, 2013 and august 18, 2015, inclusive (the “class period”), are encouraged to contact the firm immediately to discuss their legal options. if you purchased shares of caesarstone during the class period, please contact joon m. khang, esquire, of khang & khang, 18101 von karman avenue, 3rd floor, irvine, ca 92612, by telephone: (949) 419-3834, or by email at joon@khanglaw.com. there has been no class certification in this case. until certification occurs, you are not represented by an attorney. you may choose to take no action and remain a passive class member. according to the complaint, on august 19, 2015, spruce point capital management published a report on caesarstone alleging that: (1) a freedom of information act request to the sec showed that the cost of quartz increased substantially in 2014, yet caesarstone stated in its sec filings that the impact was just 4%; (2) independent lab tests show caesarstone’s samples may contain less quartz than advertised; (3) caesarstone’s reported consolidated margins may be overstated; and (4) proprietary u.s. import shipping data collected from port documents indicates that caesarstone’s north american market share may not be growing as claimed. if you purchased shares of caesarstone during the class period, you have until october 26, 2015, to ask the court to appoint you as lead plaintiff. if you wish to learn more about this lawsuit, or if you have any questions concerning this notice or your rights, please contact joon m. khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by email at joon@khanglaw.com. this press release may constitute attorney advertising in some jurisdictions.
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