March 9, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Quiksilver, Inc. (NYSE:ZQK) shares over potential securities laws violations by Quiksilver, Inc. and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Quiksilver, Inc. (NYSE:ZQK) concerning whether a series of statements by Quiksilver regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Quiksilver, Inc. reported that its Total Revenue declined from over $1.94 billion for the 12 months period that ended on October 31, 2012 to over $1.57 billion for the 12 months period that ended on October 31, 2014 and that its respective Net Loss increased from $10.76 million to $309.38 million. Shares of Quiksilver, Inc. (NYSE:ZQK) declined from $9.01 per share in November 2013 to as low as $14.8 epr share in December 2014.

Then on Mar. 4, 2015, Quiksilver, Inc. (NYSE:ZQK) announced that it has postponed the distribution of its 2015 first quarter earnings release, as well as the related conference call and webcast previously scheduled to take place on March 5th, as a result of a revenue cut-off issue identified by management and brought to the attention of the Audit Committee. Quiksilver, Inc. said the Audit Committee promptly commenced an investigation last week and has not yet reached any conclusions.