The Shuman Law Firm today announced that it is investigating potential claims against certain officers and directors of Volt Information Sciences, Inc. (“Volt" or the "Company”) (OTC: VISI.PK).

The Firm’s investigation focuses on the Company’s ongoing inability to file financial results. Specifically, in September 2009, Volt announced it could not file its 2009 third quarter financial results due to a reevaluation of revenue recognition policies and other accounting issues. The exact nature of the accounting errors has not been disclosed. Since then, the company has failed to file a financial statement. These actions have resulted in the May, 2011 removal of the Company’s stock from listing by the New York Stock Exchange.

Recently, on May 3, 2012, the Company announced that Steven A. Shaw, the Company’s President and Chief Executive Officer, had resigned his positions with Volt. The Company’s common stock currently trades for approximately $7.15 a share, down from a high of more than $12.00 per share prior to the September 2009 announcement regarding ongoing accounting errors.

If you currently own Volt common stock and are interested in discussing your rights as a shareholder, or have information relating to this investigation, please contact Kip B. Shuman or Rusty E. Glenn toll free at (866) 974-8626 or email Mr. Shuman at kip@shumanlawfirm.com or email Mr. Glenn at rusty@shumanlawfirm.com.

The Shuman Law Firm represents investors throughout the nation, concentrating its practice in securities class actions and shareholder derivative actions.

Volt Information Sciences (AMEX:VISI)
Historical Stock Chart
Von Jun 2024 bis Jul 2024 Click Here for more Volt Information Sciences Charts.
Volt Information Sciences (AMEX:VISI)
Historical Stock Chart
Von Jul 2023 bis Jul 2024 Click Here for more Volt Information Sciences Charts.