INVESTOR ALERT: Goldberg Law PC Announces Securities Class Action Lawsuit against Power Solutions International, Inc. & Encou...
August 25 2016 - 8:00PM
Business Wire
Goldberg Law PC (the “Firm”) announces that a class action
lawsuit has been filed against Power Solutions International, Inc.
(“PSI” or the “Company”) (Nasdaq: PSIX). Investors who purchased or
otherwise acquired shares between May 8, 2015 and August 15, 2016
(the “Class Period”) are encouraged to contact the Firm in advance
of the October 21, 2016 lead plaintiff motion
deadline.
If you are a shareholder who suffered a loss during the Class
Period, click here to participate. In addition, we advise
you to contact Michael Goldberg or Brian Schall, of Goldberg Law
PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at
800-977-7401, to discuss your rights without cost to you. You can
also reach us through the firm’s website at
http://www.Goldberglawpc.com, or by email at
info@goldberglawpc.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
According to the complaint, PSI made false and misleading
statements and/or failed to disclose that: the Company
inappropriately recognized revenue for certain transactions; that
the Company lacked adequate internal controls over financial
reporting; and that as a result of the above, PSI’s public
statements were materially false and misleading at all relevant
times. On August 15, 2016, the Company announced that it would
delay filing its Form 10-Q for the quarter ending June 30, 2016
because its financial statements were incomplete due to possible
problems with certain transactions involving revenue recognition.
When this news was released, shares of PSI dropped in value.
Goldberg Law PC represents shareholders around the world and
specializes in securities class actions and shareholder rights
litigation.
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/20160825006399/en/
Goldberg Law PC, Los AngelesMichael Goldberg, Esq.,
800-977-7401Brian Schall, Esq.,
800-977-7401info@goldberglawpc.comwww.Goldberglawpc.com
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