NASDAQ:VECO Stockholder Investigation over potential Wrongdoing at Veeco Instruments Inc.
The Shareholders Foundation announces that the investigation on behalf of investors in shares of Veeco Instruments Inc. (NASDAQ:VECO) is ongoing concerning whether certain Veeco Instruments officers and directors possibly breached their fiduciary duties. Plainview, New York Veeco Instruments Inc. designs, manufactures and markets equipment to make LEDs, hard-disk drives, as well as for emerging applications
Investors who purchased shares of Veeco Instruments Inc. (NASDAQ:VECO), have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain Veeco Instruments officers and directors breached their fiduciary duties and caused damage to the company and its shareholders by failing to implement adequate internal controls and by issuing statements regarding Veeco Instruments’ business, prospects and operations that were materially false and misleading at the time they were made.
On November 15, 2012, before the market opened, Veeco Instruments Inc. announced that it has filed a form, Notification of Late Filing, with the U.S. Securities and Exchange Commission relating to the Company’s report on Form 10-Q for the period ended September 30, 2012. Veeco Instruments Inc. said additional time is needed because it is in the process of evaluating the timing of recognition of revenue on the sale of certain Metal Organic Chemical Vapor Deposition systems and related upgrades to these systems.
Shares of Veeco Instruments Inc. (NASDAQ:VECO) fell from $30.26 per share on November 14, 2012 to $26.18 per share on November 15, 2012.
On January 7, 2013, NASDAQ:VECO shares closed at $30.34 per share.
Those who purchased shares of Veeco Instruments Inc. (NASDAQ:VECO) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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