General Cable Corporation BGC Securities Lawsuit

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Company: General Cable Corporation
Ticker Symbol: BGC
Class Period: May-3-11 to Oct-14-13
Date Filed: Nov-13-13
Lead Plaintiff Deadline: Jan-12-14
Court: Southern District of New York
New York, NY: A securities class action lawsuit has been filed in the USDC for the Southern District of New York on behalf of investors who purchased General Cable Corporation ("General Cable" or the "Company") (NYSE:BGC) between May 3, 2011 and October 14, 2013.

The complaint alleges that throughout the Class Period, defendants failed to disclose that the Company understated cost of sales and goodwill, overstated inventory balances and its value added tax credits, and improperly recognized revenue in connection with "bill and hold" transactions for aerial transmission projects in Brazil.

In an October 15, 2013 SEC filing, the Company announced that due to certain accounting errors, the Company's previously issued financial statements for the fiscal years 2008 through 2012, all quarterly filings from 2008 to 2012, and for the three fiscal months ended March 29, 2013 should no longer be relied upon.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.

General Cable Corporation BGC Securities Fraud Legal Help

If you have suffered from financial losses, you may qualify for damages or remedies that may be awarded in a possible General Cable Corporation securities class action lawsuit. Please click the link below to submit your complaint for a free evaluation.

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