SHAREHOLDER ALERT: The Law Offices of Vincent Wong Remind Investors of Class Action Involving Capstone Turbine Corporation an...
December 18 2015 - 7:05PM
The Law Offices of Vincent Wong announce that a class action
lawsuit has been commenced in the USDC for the Central District of
California on behalf of investors who purchased Capstone Turbine
Corporation (NASDAQ:CPST) securities between November 7, 2013 and
November 5, 2015.
Click here to learn about the case:
http://docs.wongesq.com/CPST-Info-Request-Form-996.
There is no cost or obligation to you.
The complaint alleges that defendants issued
materially false and misleading statements to investors and/or
failed to disclose that: (1) BPC Engineering (“BPC”), 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; (3) Capstone issued financial statements in
violation of Generally Accepted Accounting Principles; and (4)
Capstone lacked adequate internal controls over accounting.
Shares of Capstone Turbine have fallen from a
close of $4.30 per share on November 5, 2015, to a recent close of
just $1.98 per share on November 17, 2015.
If you suffered a loss in Capstone
Turbine you have until January 15, 2016 to request that
the Court appoint you as lead plaintiff. Your ability to share in
any recovery doesn’t require that you serve as a lead plaintiff. To
obtain additional information, contact Vincent Wong, Esq. either
via email vw@wongesq.com, by telephone at 212.425.1140, or visit
http://docs.wongesq.com/CPST-Info-Request-Form-996.
Vincent Wong, Esq. is an experienced attorney
that has represented investors in securities litigations involving
financial fraud and violations of shareholder rights.
Attorney advertising. Prior results do not guarantee similar
outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com
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