Power Solutions International Inc
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | Power Solutions International Inc |
Stock Symbol : | NASDAQ:PSIX |
Class Period Start: | 05/08/2015 |
Class Period End: | 08/15/2016 |
Lead Plaintiff motion: | 10/21/2016 |
Date Filed: | 08/22/2016 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the Northern District of Illinois |
Summary: |
Thieler Law Corp advises investors with losses exceeding $100,000 of the October 21, 2016 lead plaintiff deadline in a class action lawsuit filed against Power Solutions International Inc (NASDAQ:PSIX) (“Power Solutions” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of Illinois and investors, who purchased Power Solutions International Inc securities between May 8, 2015 and August 15, 2016, have until October 21, 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 Power Solutions International 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 during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Power Solutions improperly listed revenue for certain transactions; Power Solutions did not have sufficient controls over financial reporting; and as a result, the Company's public statements were materially false and misleading at all relevant times. On August 15, 2016, Power Solutions disclosed 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. Following this news, NASDAQ:PSIX fell $1.52 per share, or 9.85%, to close at $13.91 on August 16, 2016. If you were negatively impacted by your investment in Power Solutions International Inc securities between May 8, 2015 and August 15, 2016 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. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185 |