Electronics Production | October 05, 2006
Finkelstein, Thompson & Loughran suits Jabil
The law firm of Finkelstein, Thompson & Loughran has announces that a lawsuit seeking class action status has been filed in the United States District Court for the Middle District of Florida against Jabil Circuit, Inc .
FTL is investigating similar claims at this time and welcomes inquiries from investors concerning their rights and interests in this matter. The putative class action alleges that Jabil Circuit and certain officers and directors violated federal securities laws related to the backdating of stock options. Specifically, the complaint asserts that Jabil Circuit violated the federal securities laws by issuing false or misleading public statements regarding its financial results, and that the Company omitted to disclose that it was engaging in the backdating of stock option grants to executives and other employees.