Harsco Corporation (HSC)
Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Harsco Corporation (HSC)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Harsco Corporation (“Harsco” or “the Company”) (NYSE: HSC). The investigation concerns whether Harsco and certain of its officers and/or directors have violated federal securities laws.
On January 23, 2020, Harsco announced its preliminary fourth quarter 2019 financial results and revenue projections of $400 million for the quarter. Harsco also announced its expected adjusted operating income to be $31 million, which was much lower than its prior guidance of $53 million to $58 million. Harsco attributed “operational challenges following the consolidation of Rail’s North American manufacturing into a single facility in South Carolina” for the underperformance. Following this news, Harsco stock dropped over 16% in intraday trading on January 24, 2020.
If you are aware of any facts relating to this investigation, or purchased Harsco shares, you can learn more about the investigation by contacting 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.