SHAREHOLDER ALERT: The Law Offices of Vincent Wong Remind Investors of Class Action Involving Capstone Turbine Corporation an...
January 08 2016 - 3:22PM
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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