On February 18, 2020, Bruker disclosed that the Company’s Audit Committee “has initiated an internal investigation into an allegation recently received in connection with the year-end-close, primarily relating to income tax matters including the effective income tax rate for 2019 and the related income tax balance sheet accounts.”
Then, on March 3, 2020, the Bruker announced that it was delaying the filing of its 2019 Annual Report “pending completion of the internal investigation and the Company’s ongoing assessment of the impact on financial reporting and internal controls, including disclosure controls and procedures.” On this news, the price of Company’s shares declined precipitously, causing significant financial losses to investors.
If you are a shareholder of Bruker who suffered a loss, we encourage you to contact attorney Andrea Farah of Lowey Dannenberg at (914) 733-7256 or firstname.lastname@example.org to learn more about this investigation or to discuss your options.
Whistleblowers: Persons with non-public information regarding Bruker should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.