MS - Bragar Eagel & Squire P.C. Is Investigating CI&T Harbor AXTI and Morgan Stanley and Encourages Investors to Contact the Firm | Benzinga
NEW YORK, April 19, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against CI&T Inc. (NYSE:CINT), Harbor Diversified, Inc. (OTC:HRBR), AXT, Inc. (NASDAQ:AXTI), and Morgan Stanley (NYSE:MS). Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices. Additional information about each case can be found at the link provided.
CI&T Inc. (NYSE:CINT)
On March 7, 2024, CI&T issued a press release stating that the Company had "identified certain non-cash accounting errors related to deferred income accounting for tax-deductible goodwill, as required under IFRS – International Financial Reporting Standard (‘IFRS')." Accordingly, CI&T advised that "(i) the Company's audited consolidated financial statements as of and for the year ended December 31, 2022, included in its annual report on Form 20-F for the year ended December 31, 2022 filed with the United States Securities and Exchange Commission (‘SEC') on March 28, 2023, and (ii) the Company's unaudited condensed consolidated interim financial statements as of and for the periods ended March 31, 2023, June 30, 2023 and September 30, 2023, each previously furnished to the SEC on a current report on Form 6-K, should no longer be relied upon[.]"
On this news, CI&T's stock price fell $0.44 per share, or 9.89%, to close at $4.01 per share on March 7, 2024.
For more information on the CI&T investigation go to: https://bespc.com/cases/CINT
Harbor Diversified, Inc. (OTC:HRBR)