Equity alert: the rosen law firm announces investigation of securities claims against caesarstone sdot-yam ltd.

New york--(business wire)--the rosen law firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of caesarstone sdot-yam ltd. (nasdaq: cste) resulting from allegations that caesarstone may have issued materially misleading business information to the investing public. on august 19, 2015, analyst firm spruce point capital management published a report on caesarstone asserting, 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 told investors in its sec filings 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. the rosen law firm is preparing a class action lawsuit to recover losses suffered by caesarstone investors. if you purchased shares of caesarstone on or before august 18, 2015, please visit the firm’s website at http://rosenlegal.com/cases-699.html for more information. you may also contact phillip kim, esq. or kevin chan, esq. of the rosen law firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com. the rosen law firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. attorney advertising. prior results do not guarantee a similar outcome.
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