January 15 Deadline Alert: GPM Reminds Investors of the Upcoming Lead Plaintiff Deadline in the Class Action Lawsuit against ...
January 12 2016 - 10:30AM
Business Wire
Glancy Prongay & Murray LLP (“GPM”) reminds investors of the
upcoming January 15, 2016 deadline to file a lead plaintiff
motion in the class action filed on behalf of a class (the “Class”)
of investors who purchased Capstone Turbine Corp. (“Capstone” or
the “Company”) (Nasdaq: CPST) securities between November 7, 2013
and November 5, 2015, inclusive (the “Class Period”). Capstone
investors with over $1,000,000 in losses are encouraged to contact
Lesley Portnoy, Esquire, to discuss their legal claims in this
matter.
Capstone develops, manufactures, markets and services
microturbine technology solutions for use in stationary distributed
power generation applications, including cogeneration (combined
heat and power, integrated combined heat and power, and combined
cooling, heat and power), renewable energy, natural resources and
critical power supply.
The Complaint alleges that throughout the Class Period,
Defendants made false and/or misleading statements and/or failed to
disclose the following: (1) that BPC Engineering (“BPC”), one of
the Company’s main Russian distributors, was unlikely to be able to
fulfill many of its legal and financial obligations to Capstone;
(2) that Capstone failed to make appropriate adjustments to its
accounts receivable and backlog to account for BPC’s inability to
fulfill its obligations to Capstone; (3) that Capstone issued
financial statements in violation of Generally Accepted Accounting
Principles (“GAAP”); (4) that the Company lacked adequate internal
controls over accounting; and (5) that, as a result of the
foregoing, the Company’s financial statements, as well as
Defendants’ statements about Capstone’s business, operations, and
prospects, were false and misleading and/or lacked a reasonable
basis.
If you purchased shares of Capstone during the Class Period, or
if you have information or would like to learn more about these
claims, or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact
Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite
2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at
888-773-9224, by e-mail to shareholders@glancylaw.com, or visit our
website at http://www.glancylaw.com. If you inquire by e-mail
please include your mailing address, telephone number and number of
shares purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160112005323/en/
Glancy Prongay & Murray LLP, Los AngelesLesley Portnoy,
310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
Capstone Turbine (NASDAQ:CPST)
Historical Stock Chart
From Mar 2024 to Apr 2024
Capstone Turbine (NASDAQ:CPST)
Historical Stock Chart
From Apr 2023 to Apr 2024