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home / articles / DRQ - Dril-Quip Inc. (DRQ) Investigation: Bronstein Gewirtz & Grossman LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings | Benzinga

DRQ - Dril-Quip Inc. (DRQ) Investigation: Bronstein Gewirtz & Grossman LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings | Benzinga

Dril-Quip Inc.

  • NEW YORK, July 18, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Dril-Quip, Inc. ("Dril-Quip" or "the Company") (NYSE:DRQ). Investors who purchased Dril-Quip securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/DRQ.

    Investigation Details

    On July 8, 2024, Dril-Quip admitted a $67 million accounting error in a recent SEC filing, stating that it identified "an error in the classification of certain inventory write-downs from 2021." Specifically, Dril-Quip disclosed that it "misclassified inventory write-downs from 2021 totaling approximately $67 million, including $19.3 million related to the 2018 global strategic plan and approximately $47.7 million due to the discontinuation of certain ...

    DRQ) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings>Full story available on Benzinga.com

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    Stock Information
    Company Name: Dril-Quip Inc.
    Stock Symbol: DRQ
    Market: NYSE
    Website: dril-quip.com
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