SHAREHOLDER NOTICE: Goldberg Law PC Announces Securities Class Action Lawsuit against Capstone Turbine Corp. & Advises Shareh...
November 23 2015 - 5:00AM
Business Wire
Goldberg Law PC (www.Goldberglawpc.com) announces that a class
action lawsuit has been filed against Capstone Turbine Corp.
(“Capstone” or the “Company”) (NASDAQ: CPST), for alleged
violations of the federal securities laws. Investors who purchased
or otherwise acquired shares between November 7, 2013 and November
5, 2015, inclusive (the “Class Period”), are advised to contact the
firm. Shareholders have 60 days from the date of this notice to
file a motion for lead plaintiff.
If you are a shareholder who suffered a loss during the Class
Period, we advise you to contact Michael Goldberg or Brian Schall,
of Goldberg Law PC, 13650 Marina Pointe Dr. Suite 1404, Marina Del
Rey, CA 90292, at 800-977-7401, to discuss your rights without cost
to you. You can also reach us through the firm’s website at
http://www.Goldberglawpc.com, or by email at
info@goldberglawpc.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
According to the complaint, the Company failed to disclose the
following: (1) that BPC Engineering (“BPC”), an important Russian
distributer, was unlikely to be able to fulfill many of its legal
and financial obligations to Capstone; (2) that Capstone did not
make the proper adjustments to its accounts receivable and backlog
to account for BPC’s inability to fulfill its obligations to
Capstone; (3) that some of Capstone’s financial statements were in
violation of Generally Accepted Accounting Principles (“GAAP”); and
(4) that the Company lacked adequate internal controls over
accounting. When the truth was revealed, shares dropped causing
investors harm.
If you have any questions concerning your legal rights in this
case, please immediately contact Goldberg Law PC at 800-977-7401,
or visit our website at http://www.Goldberglawpc.com, or email us
at info@goldberglawpc.com.
Goldberg Law PC represents shareholders around the world and
specializes in securities class actions and shareholder rights
litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20151123005441/en/
Goldberg Law PC, Los AngelesMichael Goldberg, Esq.,
800-977-7401Brian Schall, Esq.,
800-977-7401info@goldberglawpc.comhttp://www.Goldberglawpc.comhttps://twitter.com/goldberglawpchttps://www.facebook.com/pages/Goldberg-Law-PC/850505465033804?fref=ts
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