Cincinnati, Ohio (PRWEB) December 27, 2012
The law firm of Statman, Harris & Eyrich, LLC is investigating possible claims against PSS World Medical, Inc. (the “Company”) concerning potential violations of federal securities laws. Shareholders are encouraged to contact the firm to discuss their legal rights.
On December 20, 2012, the Wall Street Journal (“WSJ”) reported that employees were concerned when four executives were selling Company shares amid a $43 million buyback last year. ("Executive Sales Beat News That Hit Stock" (http://online.wsj.com).The WSJ story said four top managers of the Company sold stock in early June 2011, a month before the company’s stock price fell 9.2 percent in a day. The trades in question included: CFO David Bronson sold a total of $1.4 million in shares June 1 and June 2; CEO Gary Corless sold $965,874 of stock June 1; Mark Steele, head of the Company’s extended care business, sold $346,077 on June 9, 28 and 30; and Chief Sourcing Officer Kevin English sold $813,920 on June 7. Additionally, the WSJ article reported that when the Company reported earnings that were below analysts’ expectations July 28, its stock fell 9.2 percent that day and another 1.5 percent the next day.
Individuals who wish to discuss this action, have information which would assist in the investigation or have any questions concerning their rights or interests with respect to these matters, are encouraged to contact Brian Giles, Esq. at (513) 345-8181 or at classaction(at)statmanharris(dot)com for further information without any obligation or cost.
Statman, Harris & Eyrich, LLC, which has significant experience in consumer and securities fraud class actions and derivative litigation, has offices in Chicago, Illinois; Cincinnati, Ohio; Dayton, Ohio; Detroit, Michigan and Sarasota, Florida. http://www.statmanharris.com Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Statman, Harris & Eyrich, LLC
Brian Giles Esq.
441 Vine Street, Suite 3700
Cincinnati, Ohio 45202
Phone: (513) 345-8181