Thieler Law Corp advises investors with losses exceeding $100,000 of the August 15, 2016 lead plaintiff deadline in a class action lawsuit filed against CPI Card Group Inc (NASDAQ: PMTS) (“CPI” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased or otherwise acquired shares traceable to the Company's October 8, 2015 initial public offering (“IPO”); have until August 15, 2016 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased CPI Card Group Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that at the time of the IPO, CPI had shipped over 100 million cards more than shipped in the second quarter and first part of the third quarter of 2015.  This created a huge backlog which resulted in a substantial reduction of demand for additional cards for the remainder of the 2015 fiscal year.

According to the complaint, as the impact of the backlog manifested itself, the value of CPI shares declined substantially from the $10 per share IPO price.

If you were negatively impacted by your investment in CPI Card Group Inc securities traceable to the Company's October 8, 2015 initial public offering (“IPO”) and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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