An investigation for investors in NYSE:HIL shares over potential securities laws violations by Hill International and certain of its directors and officers in connection certain financial statements was announced.
Investors who purchased shares of Hill International Inc (NYSE:HIL), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Hill International Inc (NYSE:HIL) concerning whether a series of statements by Hill International Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Hill International Inc reported that its annual Total Revenue rose from $641.59 million in 2014 to $720.61 million in 2105 and that its Net Loss of $6.15 million in 2014 turned into a Net Income of $6.93 million in 2015. Shares of Hill International Inc (NYSE:HIL) grew from $2.89 per share in February 2016 to as high as $4.61 per share in September 2016.
On November 3, 2016 Hill announced that it will delay the release of its third quarter 2016 financial results due to “continuing discussions with its independent accounting firm regarding the accounting treatment of certain accounts receivable the outcome of which could have a material effect on the company’s financial position and results of operations.”
Shares of Hill International Inc (NYSE:HIL) dropped from $4.00 per share on October 28, 2016 to as low as $2.00 per share on November 4, 2016.
Those who purchased NYSE:HIL shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com