Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Helios Technologies, Inc. (“Helios” or “the Company”) (NASDAQ: HLIO). Investors who purchased Helios securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Helios has violated federal securities laws.
Investigation Details
On July 8, 2024, Helios issued a press release announcing that its Board of Directors had “place[d] Josef Matosevic, the Company’s President, Chief Executive Officer and Director, immediately on a paid leave effective July 1, 2024, as a result of allegations of a potential violation of the Company’s Code of Business Conduct and Ethics.” Helios stated that “Mr. Matosevic’s leave is pending completion of an ongoing investigation being conducted by the Board with the assistance of outside legal counsel.” On this news, Helios’s stock price fell $5.07 per share, or 10.94%, to close at $41.26 per share on July 9, 2024.
What’s Next?
If you are aware of any facts relating to this investigation or purchased Helios securities, you can assist this investigation. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
HLIO — Stock Performance
About Bronstein, Gewirtz & Grossman, LLC
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
“Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace.”