Equity alert: the rosen law firm announces investigation of securities claims against installed building products, inc.

New york--(business wire)--the rosen law firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of investors of installed building products, inc. (nyse:ibp) resulting from allegations that installed building products may have issued materially misleading business information to the investing public. on april 29, 2015, seeking alpha published a report on installed building products asserting that numerous red flags exist at the company, including: (1) misrepresented financials; (2) subtle alterations of earnings definitions; (3) overstated cash flow; (4) related party conflicts of interest; (5) margin goals that appear disconnected from the company's economic model; (6) poorly disclosed litigation accusing the company of systematically under-reporting hours worked; (7) violations of the fair labor standards acts, and (8) earnings estimates that have consistently been revised lower. on this news, shares of installed building products fell $2.71 per share or over 11% to close at $20.74 on april 29, 2015. the rosen law firm is preparing a class action lawsuit to recover losses suffered by installed building products investors. if you purchased shares of installed building products on or before april 28, 2015, please visit the firm’s website at http://rosenlegal.com/cases-597.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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