Atos SE (AEXAY)

Investigation 

Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Atos SE ("Atos" or the "Company") (OTCMKT: AEXAY). The investigation concerns whether Atos and certain of its officers and/or directors have violated federal securities laws.

 

On April 1, 2021, Atos issued a press release disclosing that the Company’s auditors had issued a “qualified opinion . . . as to two US legal entities representing 11% of 2020 consolidated revenue that require additional diligences.”  Specifically, these auditors identified “internal weaknesses over financial reporting process and revenue recognition in accordance with IFRS 15 leading to several accounting errors, as well as risk of override of controls in this respect.”  Atos stated that it had hired external firms in order to conduct an investigation and that the auditors were unable to obtain sufficient evidence that Atos’s financial statements were free of material misstatements within the necessary timeframe.  On this news, Atos’s stock price fell $1.67 per share, or 10.81%, to close at $13.78 per share on April 1, 2021.

 

If you are aware of any facts relating to this investigation, or purchased Atos shares, you can assist this investigation by visiting contacting the firm. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

© 2020 Bronstein, Gewirtz & Grossman, LLC

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BG&G is not affiliated to any of these companies. All respective trademarks are owned by the respective companies.