Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor LLP announce that a federal class action lawsuit has been filed against Capstone Turbine Corp. (“Capstone”) (NASDAQ: CPST) and several officers and directors for acts taken during the period of November 7, 2013 to November 5, 2015 (the “Class Period”).

Shareholders who suffered a loss during the class period have until January 15, 2016 to seek appointment as lead plaintiff. If you lost more than $50,000.00 from shares purchased during the class period and wish to take a more proactive role in the litigation, you are urged to contact Willie Briscoe at The Briscoe Law Firm, PLLC via email at shareholders@thebriscoelawfirm.com, Patrick Powers at Powers Taylor LLP via email at shareholder@powerstaylor.com, or call toll free at (877) 728-9607. There is no cost or fee to you.

According to the complaint, the defendants are alleged to have violated certain provisions of the Securities Exchange Act of 1934. Specifically, the complaint alleges, among other things, that defendants issued statements suggesting that (1) BPC Engineering, one of Capstone’s main Russian distributors, was unlikely to be able to fulfill many of its legal and financial obligations to Capstone; (2) Capstone failed to make appropriate adjustments to its accounts receivable and backlog to account for BPC’s inability to fulfill its obligations to Capstone; and (3) as such, Capstone issued financial statements in violation of Generally Accepted Accounting Principles.

On October 1, 2015, Capstone disclosed that its preliminary second quarter earnings were “notably below management’s expectations and analysts’ consensus estimates as continued headwinds in the oil and gas market and a strong U.S. dollar delayed orders and shipments in the quarter.” Capstone also disclosed that it received no significant payments from its Russian distributor, who until recently was one of its largest customers. Capstone shares fell more than 25% on this announcement. Then, on November 5, 2015, Capstone disclosed its second quarter 2015 results, disclosing a net loss of $7.9 million, or $0.02 per share, for the quarter. Capstone shares fell more than 7% on this announcement.

The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

The Briscoe Law Firm, PLLCWillie Briscoe, 877-728-9607shareholders@thebriscoelawfirm.comorPowers Taylor LLPPatrick Powers,shareholder@powerstaylor.com

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