NEW YORK, Feb. 18, 2012 /PRNewswire/ --Faruqi & Faruqi, LLP, a national law firm concentrating on investor rights, consumer rights and enforcement of federal antitrust laws, is investigating potential wrongdoing at Parametric Technology Corporation ("PMTC" or the "Company") (NASDAQ: PMTC). The investigation focuses on whether certain officers and directors of PMTC violated shareholder protection laws by causing or allowing the Company to violate the Foreign Corrupt Practices Act.
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In the Company's Form 10-K for the fiscal year ended September 30, 2011, PMTC disclosed that internal investigations raised questions of compliance with laws, including the Foreign Corrupt Practices Act by certain business partners and employees in China which may have an adverse impact on PMTC's level of sales in China.
Faruqi & Faruqi, LLP is a national law firm, representing investors, consumers and companies in the prosecution of claims under state corporate and consumer laws and the federal securities and antitrust laws. The firm is focused on providing exemplary legal services in complex litigation. Founded in 1995, the firm maintains its principal office in New York City, with offices in Delaware, California, Florida and Pennsylvania. The lawyers at Faruqi & Faruqi, LLP have demonstrated a clear commitment to championing the rights of shareholders and consumers nationwide.
If you are a current PMTC shareholder, and you would like to discuss your legal rights, visit www.faruqilaw.com/PMTC. You can also contact us by calling Beth A. Keller toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to bkeller@faruqilaw.com.
Contact:
Faruqi & Faruqi, LLP
Beth A. Keller, Esq.
369 Lexington Avenue, 10th Floor
New York, NY 10017
Telephone: (877) 247-4292 or (212) 983-9330
E-mail: bkeller@faruqilaw.com
(NASDAQ: PMTC)
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