NYSE
ZQK

Quiksilver, Inc.

Shareholder Securities Fraud Litigation

Rigrodsky & Long, P.A. Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against Quiksilver, Inc. (NYSE: ZQK)

Rigrodsky & Long, P.A., including former Special Assistant United States Attorney, Timothy J. MacFall, announces that a complaint has been filed in the United States District Court for the Central District of California on behalf of all persons or entities that purchased the common stock of Quiksilver, Inc. (“Quiksilver” or the “Company”) (NYSE: ZQK) between June 6, 2014 and March 26, 2015, inclusive (the “Class Period”), alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the “Complaint”).

If you purchased shares of Quiksilver during the Class Period, or purchased shares prior to the Class Period and still hold Quiksilver,  and wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Timothy J. MacFall, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803 at (888) 969-4242; by e-mail to info@rl-legal.com.

The Complaint alleges that throughout the Class Period, defendants made materially false and misleading statements, and omitted materially adverse facts, about the Company’s business, operations and prospects.  Specifically, the Complaint alleges that the defendants concealed from the investing public that: (1) the Company lacked adequate internal controls over financial reporting; and (2) as a result of the foregoing, the Company’s financial statements were materially false and misleading at all relevant times.  As a result of defendants’ alleged false and misleading statements, the Company’s stock traded at artificially inflated prices during the Class Period.

According to the Complaint, on March 26, 2015, the Company filed an amended Form 10-K for the fiscal year ended October 31, 2014 which revealed that its internal control over financial reporting was not effective as of October 31, 2014.  The next day, Quiksilver announced the abrupt removal of the Company’s Chairman and Chief Executive Officer, effective March 27, 2015, and the sudden resignation of its Chief Financial Officer, effective April 3, 2015.

On this news, shares in Quiksilver dropped over 15%, closing at $1.90 per share on March 27, 2015, on heavy trading volume.

If you wish to serve as lead plaintiff, you must move the Court no later than June 1, 2015.  A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.  In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class.  Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff.  Any member of the proposed class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

While Rigrodsky & Long, P.A. did not file the Complaint in this matter, the firm, with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

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