Schawk, Inc. Under Investor Investigation Over Possible Securities Laws Violations

If you purchased shares of Schawk, Inc. (NYSE SGK), and/or if you have any information relating the investigation, you have certain options and you should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Schawk
Affected Securities: 
NYSE: SGK

An investigation on behalf of investor in Schawk, Inc. (NYSE:SGK) shares over possible violations of Federal Securities Laws was announced.

The investigation by a law firm focuses on whether Schawk, Inc. or others have violated federal securities laws by issuing false and misleading statements to its shareholders. Additionally the investigation concerns also whether certain directors and officers of Schawk, Inc. breached their fiduciary duties.

Schawk’s 12months Total Revenue decreased from $544.41million for 2007 to $460.63million in 2010. Its Net Income on the other hand increased from $30.60million in 2007, respectively a Net Loss of $60.01million in 2008 to a Net Income of $32.42million in 2010. For the first quarter in 2011 Schawk, Inc. reported a quarterly Total Revenue of $107.23million with a quarterly Net Income of $2.79million compared to $111.71million quarterly Total Revenue with a quarterly Net Income of $2.52million for the first quarter in 2010.

Stocks of Schawk, Inc. (NYSE: SGK) increased from as low as $5.33 per share in March 2009 to over $20 in the end of 2010.

On May 20,2011, Schawk, Inc disclosed that: “On May 17, 2011, Schawk, Inc received a “Wells Notice” indicating that the staff of the Division of Enforcement of the SEC (the “Staff”) is considering recommending that the SEC institute proceedings for alleged violations of certain federal securities laws pertaining to the maintenance of accurate books and records and an adequate system of internal accounting controls...”

Shares of Schawk, Inc. (NYSE:SGK) fell from $17.50 on Friday, May 20 to $15.76 on May 23.

Since the beginning of 2011 SGK shares fell from as high as $20.90 to as low as $15.76, a decrease of almost 25%.