ADT Corp (NYSE:ADT) Investor Investigation Over Potential Violations Of Securities Laws Violations Announced

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February 11, 2014 (Shareholders Foundation) - An investigation on behalf of investors of ADT Corp (NYSE:ADT) shares was initiated over potential securities laws violations by ADT Corp. and certain of its directors and officers in connection certain financial statements.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of ADT Corp (NYSE:ADT) concerning whether a series of statements by ADT Corp regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

ADT Corp (NYSE:ADT) reported that its Total Revenue rose from over $2.59 billion for the 52 weeks period that ended on Sept. 24, 2010 to over $3.3 billion for the 52 weeks period that ended on Sept. 27, 2013 and that its respective Net Income increased from $239 million to $421 million.

Shares of ADT Corp (NYSE:ADT) traded in early 2013 as high as $49.41 per share.

On November 25, 2013, ADT Corp announced that it has entered into an agreement to repurchase 10.24 million shares of ADT common stock beneficially owned by Corvex Management LP, at a purchase price of $44.01 per share.

Shares of ADT Corp (NYSE:ADT) declined from $44.01 per share on November 22, 2013, to $38.14 per share on January 27, 2014.

Then on January 30, 2014, ADT Corp reported its first quarter 2014 results.

Shares of ADT Corp (NYSE:ADT) declined from $38.09 per share on January 29, 2014, to $28.85 per share on February 3, 2014.

On February 11, 2014, NYSE:ADT shares closed at $30.71 per share.