Mettler-Toledo International Inc. (MTD)
Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Mettler-Toledo International Inc.
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Mettler-Toledo International Inc. (“Mettler-Toledo” or “the Company”) (NYSE: MTD). The investigation concerns whether Mettler-Toledo and certain of its officers and/or directors have violated federal securities laws.
On July 24, 2019, Spruce Point Management (“Spruce Point”) issued a report on Mettler-Toledo titled “Imprecise Earnings.” The Spruce Point report asserted, in part, that the Company’s “ability to never miss quarterly Wall St earnings estimates raises doubts about the quality of its financial statements.” Spruce Point characterized Mettler-Toledo as “[r]un by secretive management in Switzerland, and with key U.S.-based financial, tax, and audit managers all having worked at current auditor PwC,” and on this basis asserted that “adequate, independent questioning of its financial results are lacking.” Following publication of the Spruce Point report, Mettler-Toledo’s stock price fell sharply during intra-day trading on July 24, 2019.
If you are aware of any facts relating to this investigation, or purchased Mettler-Toledo 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.