Goldberg
Law PC (www.Goldberglawpc.com)
reminds investors in Global Power Equipment Group Inc. (“Global Power”
or the “Company”) (NYSE: GLPW),
who purchased or otherwise acquired shares between March 9, 2015 and May
6, 2015, inclusive (the “Class Period”), of the July 13, 2015 deadline
to file a motion to be appointed as lead plaintiff.
If you are a shareholder who suffered a loss during the Class Period, we
advise you to contact Michael
Goldberg or Brian Schall,
of Goldberg Law PC, 13650 Marina Pointe Dr. Suite 1404, Marina Del Rey,
CA 90292, at 800-977-7401, to discuss your rights without cost to you.
You can also reach us through the firm’s website at http://www.Goldberglawpc.com,
or by email at info@goldberglawpc.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If you
choose to take no action, you can remain an absent class member.
The complaint against Global
Power alleges that during the Class Period, the Company made false
and/or misleading statements and failed to disclose that (1) the Company
understated the cost of sales in its annual report for the year ended
December 31, 2014; (2) the Company lacked adequate internal controls
over its financial reporting; and (3) as a result of the foregoing, the
Company's public statements were materially false and misleading at all
relevant times.
On May 5, 2015, the Audit Committee of Global Power’s Board of
Directors, working with outside consultants and management, concluded
that the financial statements for the fiscal year ended December 31,
2014 could not be relied upon due to accounting errors. On May 6, 2015,
Global Power announced that it was going to delay filing its 10-Q for
the first quarter of 2015, and restate its results for the 2014 fiscal
year. As a result of the news, Global Power’s common stock fell over 33%
on May 7, 2015.
If you have any questions concerning your legal rights in this case,
please immediately contact Goldberg Law PC at 800-977-7401, or visit our
website at http://www.Goldberglawpc.com,
or email us at info@goldberglawpc.com.
Goldberg Law PC represents shareholders around the world and specializes
in securities class actions and shareholder rights litigation.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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