Rosen Law Firm, a global investor rights law firm, announces it is
investigating potential securities claims on behalf of shareholders of
CIRCOR International, Inc. (NYSE: CIR) resulting from allegations that
CIRCOR may have issued materially misleading business information to the
investing public.
On November 9, 2015, CIRCOR disclosed that the consolidated financial
statements for the three and six months ended July 5, 2015 included in
CIRCOR’s Quarterly Report on Form 10-Q should no longer be relied upon
because the previously filed consolidated financial statements did not
properly state certain accounts receivable and certain taxes related to
the CIRCOR’s Brazil operations. CIRCOR also announced the closure of its
Brazil manufacturing operation due to difficult economic conditions and
ongoing challenges of its largest customer—Petrobras. On this news,
shares of CIRCOR fell $2.26 per share or over 5% to close at $42.80 per
share on November 9, 2015, damaging investors.
Rosen Law Firm is preparing a class action lawsuit to recover losses
suffered by CIRCOR investors. If you purchased shares of CIRCOR on or
before November 6, 2015, please visit the firm’s website at http://rosenlegal.com/cases-778.html
for more information. You may also contact Phillip Kim, Esq. or Kevin
Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com
or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe, concentrating
its practice in securities class actions and shareholder derivative
litigation.
Attorney Advertising. Prior results do not guarantee a similar outcome.
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