Investors can contact the law firm at no cost to learn more about recovering their losses

LOS ANGELES, March 02, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Techtronic Industries Company Limited (“Techtronic” or “the Company”) (OTC: TTNDY) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. Veradigm investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq.

Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.

The inquiry is centered on whether Techtronic provided false or misleading information to investors or neglected to reveal crucial details. A report from Jehoshaphat Research, released on February 22, 2023, has placed Techtronic in the spotlight. The report alleges that the company has engaged in manipulative accounting, leading to an exaggerated profit margin for over a decade. The report further accuses Techtronic of using the accounting technique of "snowballing" by consistently transferring billions of dollars in regular expenditures to various asset accounts. Additionally, the report claims that Techtronic frequently discards significant amounts of tangible assets at near-total losses, indicating that routine business expenses have been capitalized. Techtronic's stock plummeted by 5.7% on the same day, following the report's publication.

Please visit our website to review more information and submit your transaction information.

The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com

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