Harwood Feffer LLP Announces Investigation of Dynamic Materials Corp.

Mar 6, 2015

NEW YORK, March 6, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Dynamic Materials Corp. ("Dynamic Materials" or the "Company") (NASDAQ: BOOM), concerning whether the board has breached its fiduciary duties to shareholders.

On March 5, 2015, the Company disclosed that it would be required to restate its financial statements for the years 2012 and 2013, as well as for all four quarters of 2014 and the first three quarters of 2014. According to the Company, it "incorrectly accounted for income tax expense and related deferred tax assets and liabilities at its business entities in Germany."

Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.

If you own Dynamic Materials shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Logo - http://photos.prnewswire.com/prnh/20120215/MM54604LOGO

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/harwood-feffer-llp-announces-investigation-of-dynamic-materials-corp-300046887.html

SOURCE Harwood Feffer LLP