The Rosen Law Firm announces that it has filed a class action lawsuit on
behalf of purchasers of Global Power Equipment Group Inc. (NYSE:GLPW)
securities from March 9, 2015 through May 6, 2015 (the “Class Period”).
The lawsuit seeks to recover damages for Global Power Equipment Group
investors under the federal securities laws.
To join the Global Power Equipment Group class action, go to the firm’s
website at http://www.rosenlegal.com/cases-603.html
or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653
or email pkim@rosenlegal.com or kchan@rosenlegal.com
for information on the class action. The lawsuit is pending in the U.S.
District Court for the Northern District of Texas.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS
CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU
MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU
MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, defendants made false and/or misleading
statements and/or failed to disclose that: (1) the Company’s cost of
sales in its financial statements for the annual period ended December
31, 2014 were understated; (2) the Company lacked adequate internal
controls over its financial reporting; and (3) as a result of the
foregoing, the Company’s financial statements were materially false and
misleading at all relevant times. When the true details entered the
market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as
lead plaintiff, you must move the Court no later than July 13, 2015. If
you wish to join the litigation, go to the firm’s website at http://www.rosenlegal.com/cases-603.html
or to discuss your rights or interests regarding this class action,
please contact, Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law
Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com
or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and shareholder
derivative litigation.
Copyright Business Wire 2015