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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Motorcar Parts of America Inc (NASDAQ: MPAA) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Motorcar Parts of America Inc (NASDAQ: MPAA) concerning whether a series of statements by Motorcar Parts of America Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On November 9, 2018, the Company revealed that it was delaying the filing of its fiscal second quarter Form 10-Q while it evaluates its accounting policies for new business contracts.
Following this news, NASDAQ: MPAA fell $4.58, or 21%, to close at $17.20 on November 9, 2018.
Based in Torrance, California, and founded in 1968 Motorcar Parts of America Inc manufactures, remanufactures, and distributes heavy duty trucks, and industrial and agricultural application parts.
If you purchased shares of Motorcar Parts of America Inc (NASDAQ: MPAA) on or before November 9, 2018, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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