SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Installed Building Products, Inc. – IBP

NEW YORK, NY / ACCESSWIRE / April 29, 2015 / Pomerantz LLP is investigating claims on behalf of investors of Installed Building Products, Inc. (“IBP” or the “Company”) (NYSE: IBP). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 237.

The investigation concerns whether IBP and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. 

On April 29, 2015, SeekingAlpha published an article which stated that numerous red flags exist at IBP, including: “misrepresented financials, subtle alterations of earnings definitions, overstated cash flow, related party conflicts of interest, margin goals that appear disconnected from the company’s economic model, heretofore poorly disclosed litigation accusing the company of systematically under-reporting hours worked and violating Fair Labor Standards Acts, and earnings estimates that have consistently been revised lower.”

On this news, shares of IBP fell $1.16 per share, to $22.29, or more than 4.95%, on intraday trading on April 29, 2015.

For more information about this report, visit: http://seekingalpha.com/article/3114826-installed-building-products-a-misrepresented-roll-up-with-significant-downside.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

SOURCE: Pomerantz LLP

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