Berman DeValerio Investigates GlobalSCAPE, Inc.
08 Agosto 2017 - 1:06PM
Business Wire
Berman DeValerio (www.bermandevalerio.com), a national law firm
representing investors, is investigating possible securities law
violations involving GlobalSCAPE, Inc. (NYSE-MKT: GSB)
(“GlobalSCAPE” or the “Company”).
On August 7, 2017, GlobalSCAPE announced that the Audit
Committee of the Company’s Board of Directors “has been conducting
an investigation into certain transactions in the fourth quarter of
2016 involving improper arrangements with customers that
circumvented the Company’s internal controls and their potential
effect on previously reported revenue,” and that that “[b]ased on
the results of the investigation to date, the improper arrangements
with customers that circumvented the Company’s internal controls
have the effect of overstating the reported amounts of accounts
receivable as of December 31, 2016, and license revenue for the
three months and year ended December 31, 2016, by approximately
$403,000 and $396,000, respectively.” The Company states that it
“intends to effect a restatement of its previously issued financial
statements through filing an amended Annual Report on Form 10-K for
the year ended December 31, 2016 and an amended Quarterly Report on
Form 10-Q for the quarter ended March 31, 2017.”
If you would like more information regarding this investigation,
or if you wish to share information about the investigation, you
may contact Jennifer Sosa, Esq., of Berman DeValerio at (800)
516-9926 or by email at jsosa@bermandevalerio.com.
Berman DeValerio is a national law firm representing
institutions and individuals in lawsuits, seeking to recoup losses
caused by violations of securities and antitrust laws. The firm has
38 lawyers in Boston, San Francisco and Palm Beach Gardens,
Florida.
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version on businesswire.com: http://www.businesswire.com/news/home/20170808006114/en/
Berman DeValerioJennifer Sosa, Esq.,
800-516-9926jsosa@bermandevalerio.com
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