Shareholder rights law firm Johnson & Weaver, LLP is investigating
whether certain officers and directors of Global Power Equipment Group
Inc. (NYSE: GLPW) breached their fiduciary duties to the Company and its
shareholders in connection with issuing false and misleading statements
regarding Global Power's public financial statements.
On May 6, 2015, Global Power announced that the financial statements for
the annual period ended December 31, 2014 should not be relied upon
because of accounting errors affecting the fourth quarter of 2014. On
this news, shares of Global Power have dropped more than 38% over the
next two trading days.
Johnson & Weaver, LLP's investigation focuses on whether certain
officers and directors knowingly issued false statements, failed to
properly monitor Global Power's financial reporting structure, or failed
to maintain sufficient controls over the Company's accounting practices.
If you are a Global Power shareholder and are interested in learning
more about the investigation or your legal rights and remedies, please
contact Jim Baker (jimb@johnsonandweaver.com)
at 619-814-4471. If you email, please include your phone number.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law
firm with offices in California, New York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more information
about the firm and its attorneys, please visit http://www.johnsonandweaver.com.
Attorney advertising. Past results do not guarantee future outcomes.
Copyright Business Wire 2015