"BENSALEM, Pa.--(BUSINESS WIRE)-- Law Offices of Howard G. Smith announces that it is investigating potential claims against JBI, Inc. (“JBI” or the “Company”) (Other OTC:JBII.pk - News) concerning possible violations of federal securities laws. The investigation focuses on allegations that certain statements issued by the Company regarding JBI’s business, operations and financial condition were false and misleading.
JBI, together with its subsidiaries, provides data restoration and recovery services in the Americas. Specifically, the investigation pertains to JBI’s restatement of its financial statements for the third quarter of 2009 and for the year ended December 31, 2009 that concerned the Company’s valuation of media credits, accounting for certain acquisitions, and equity issuances.
If you are a shareholder of JBI, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at http://www.howardsmithlaw.com.Posts: 3875 | From: ca. | Registered: Jul 2005
| IP: Logged |