SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

August 14, 2013 13:20 ET

IEV ELECTRONICS SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Class Action Against IEC Electronics Corp. and Its Board of Directors and a Deadline of August 27, 2013 to Seek a Lead Plaintiff Position

NEW YORK, NY--(Marketwired - Aug 14, 2013) - Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased IEC Electronics Corp. ("IEC" or the "Company") (NYSE MKT: IEC) common stock between February 8, 2012 and May 21, 2013.

Click here to learn more about the action, or call: 877-363-5972. There is no cost or obligation to you.

The complaint alleges that the Company improperly accounted for work-in-process inventory in one of its subsidiaries, and that due to this improper accounting IEC overstated its gross profit, violated Generally Accepted Accounting Principles, and issued materially false and misleading financial statements. On May 1, 2013, IEC announced it would restate the Company's consolidated financial statements for the fiscal year ended September 30, 2012, quarterly periods during fiscal 2012, and quarter ended December 28, 2012.

If you suffered a loss in IEC you have until August 27, 2013 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit

Levi & Korsinsky is a national firm with offices in New York, New Jersey, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

    Levi & Korsinsky, LLP
    Joseph Levi, Esq.
    Eduard Korsinsky, Esq.
    30 Broad Street - 24th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (212) 363-7171