Global Power Equipment Group Inc

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Case Summary
Company Name: Global Power Equipment Group Inc
Stock Symbol : (NYSE: GLPW)
Class Period Start: 03/09/2015
Class Period End: 05/06/2015
Lead Plaintiff motion: 07/13/2015
Date Filed: 05/13/2015
Type of Case: Securities Class Action
Court: U.S. District Court for the Northern District of Texas
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the July 13, 2015 lead plaintiff deadline in a class action lawsuit filed against Global Power Equipment Group Inc (NYSE: GLPW) (“Global Power” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of Texas and investors, who purchased Sonus Networks securities between March 9, 2015 and May 6, 2015, have until July 13, 2015 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Global Power securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 866-6157 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 during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that the Company’s cost of sales in its financial statements for the annual period ended December 31, 2014 were understated. Additionally, the complaint claims that Global Power lacked adequate internal controls over its financial reporting and as a result of the foregoing, the Company’s financial statements were materially false and misleading at all relevant times

If you were negatively impacted by your investment in Global Power securities between March 9, 2015 and May 6, 2015and 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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