Atos SE Investigation
The law firm of Kirby McInerney LLP is investigating potential claims against Atos SE (“Atos” or the “Company”) (OTC: AEXAY). The investigation focuses on the Company’s possible violations of federal securities laws.
On April 1, 2021, Atos issued a press release revealing that its auditors issued a “qualified opinion . . . as to two US legal entities representing 11% of 2020 consolidated revenue that require additional diligences.” Specifically, the auditors identified “internal weaknesses over financial reporting process and revenue recognition in accordance with IFRS 15 leading to several accounting errors, as well as risk of override of controls in this respect.” The Company stated that it had hired external firms to conduct an investigation and that, due to those procedures, the auditors had not been able to obtain sufficient evidence that the Company’s financial statements were free of material misstatements within the necessary timeframe.
On this news, the Company’s share price declined by $1.67 per share, or approximately 11%, to close at $13.78 per share on April 1, 2021.
If you purchased or otherwise acquired Atos securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at email@example.com, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.