INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Capstone Turbine Corporation of Class Action Lawsuit and a Lead...
January 04 2016 - 10:58AM
The following statement is being issued by Levi & Korsinsky,
LLP:
To: All persons or entities who
purchased or otherwise acquired securities of
Capstone Turbine Corporation (“Capstone Turbine”)
(NASDAQ:CPST) between November 7, 2013 and November 5,
2015.
You are hereby notified that a
securities class action lawsuit has been commenced in the USDC for
the Central District of California. If you purchased or otherwise
acquired Capstone Turbine securities between November 7, 2013 and
November 5, 2015, your rights may be affected by this action. To
get more information go to:
http://zlk.9nl.com/capstone-turbine-cpst.
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 Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/capstone-turbine-cpst.
Levi & Korsinsky is a national firm with
offices in New York, New Jersey, California, Connecticut, and
Washington D.C. The firm’s attorneys have extensive expertise and
experience representing investors in securities litigation
involving financial fraud, and have recovered hundreds of millions
of dollars for aggrieved shareholders. Attorney advertising. Prior
results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
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