Company: Belden Inc.
Kaskela Law LLC is investigating Belden Inc. (“Belden” or the “Company”) (NYSE: BDC) on behalf of investors. The investigation seeks to determine whether Belden and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices, and whether Belden investors have been harmed as a result.
On December 3, 2018, Belden disclosed that the U.S. Securities and Exchange Commission was “conducting an investigation” into Belden’s previously disclosed “material weakness in its internal controls over financial reporting as of December 31, 2017, related to the recognition of certain revenue at its Grass Valley business.” Following this news, shares of the Company’s stock declined $5.43 per share, or nearly 10% in value, to close on December 4, 2018 at $50.45 per share.
Belden investors who suffered an investment loss in excess of $100,000 as a result of the above are encouraged to contact Kaskela Law LLC at (888) 715 – 1740, or complete the information form on this page, to receive additional information about their important legal rights and options.