Shareholder alert: the law firm of levi & korsinsky, llp launches an investigation into possible violations of securities laws by caesarstone sdot-yam ltd.

New york--(business wire)--levi & korsinsky has commenced an investigation on behalf of shareholders of caesarstone sdot-yam ltd. (nasdaqgs:cste) concerning whether caesarstone and certain of its officers and/or directors have violated federal securities laws. on august 19, 2015, analyst firm spruce point capital management published a report on caesarstone alledging, among other things, that: (1) a freedom of information act request to the sec revealed that the cost of quartz rose substantially by ~20% 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. on this news, shares of caesarstone fell sharply during intraday trading on august 19, 2015, damaging investors. to obtain additional information about this investigation, go to: http://zlk.9nl.com/caesarstone-cste or contact joseph e. levi, esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. levi & korsinsky is a national firm with offices in new york, new jersey, connecticut and washington d.c. the firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. for more information, please feel free to contact any of the attorneys listed below. attorney advertising. prior results do not guarantee similar outcomes.
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