NEW YORK, Nov. 18, 2015 /PRNewswire/ -- Bronstein,
Gewirtz & Grossman, LLC notifies investors that a securities
class action has been filed in the United States District Court for
the Central District of California
on behalf of those who purchased shares of Capstone Turbine Corp
("Capstone" or the "Company") (NasdaqCM: CPST), during the period
between November 7, 2013 and
November 5, 2015 inclusive (the
"Class Period").
The Complaint alleges that throughout the Class Period,
Defendants made false and/or misleading statements, as well as
failed to disclose material adverse facts about the Company's
business, operations, and prospects. Specifically, during the Class
Period, defendants made false and/or misleading statements and/or
failed to disclose that: (i) that BPC Engineering ("BPC"), an
important Russian distributer, was unlikely to be able to fulfill
many of its legal and financial obligations to Capstone; (ii) that
Capstone did not make the proper adjustments to its accounts
receivable and backlog to account for BPC's inability to fulfill
its obligations to Capstone; (iii) that some of Capstone's
financial statements were in violation of Generally Accepted
Accounting Principles ("GAAP"); and (iv) that the Company lacked
adequate internal controls over accounting. When the truth was
revealed, shares dropped causing investors harm.
No Class has yet been certified in the above action. If you wish
to review a copy of the Complaint, to discuss this action, or have
any questions, please contact Peretz
Bronstein, Esq. or his Investor Relations Coordinator
Eitan Kimelman of Bronstein, Gewirtz
& Grossman, LLC at 212-697-6484 or via email info@bgandg.com.
Those who inquire by e-mail are encouraged to include their mailing
address and telephone number. If you suffered a loss in
Capstone 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.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation
boutique. Our primary expertise is the aggressive pursuit of
litigation claims on behalf of our clients. In addition to
representing institutions and other investor plaintiffs in class
action security litigation, the firm's expertise includes general
corporate and commercial litigation, as well as securities
arbitration. Attorney advertising. Prior results do not
guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
info@bgandg.com
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SOURCE Bronstein, Gewirtz & Grossman, LLC