Law Offices of Goldfarb Branham LLP Investigating Shareholder Claims against Itron, Inc. Board for ‘Incorrectly Recognized’ Revenue

Goldfarb Branham LLP is investigating allegations that the board of directors of Itron, Inc. (NASDAQ: ITRI) violated shareholder-protection laws by issuing materially false and misleading financial statements during the period between April 28, 2010 and February 16, 2011. Concerned Itron shareholders are encouraged to contact attorney Hamilton Lindley at 877-583-2855 or hlindley@goldfarbbranham.com.

"We are investigating actions that lead to a statement issued by Itron on February 16, 2011,” said securities lawyer Hamilton Lindley. "On that day, the company announced that it had ‘incorrectly recognized’ revenue due to a ‘misrepresentation of an extended warranty obligation.’ As a result, Itron’s revenue and financial results were overstated, and it seems clear that the company lacks the adequate internal controls to perform in shareholders’ best interests.”

Goldfarb Branham LLP lawyers have significant experience representing shareholders and whistleblowers in securities lawsuits nationwide. Itron investors – or anyone with knowledge about this issue – should contact lawyer Hamilton Lindley at hlindley@goldfarbbranham.com or 877-583-2855.