Rigrodsky & Long, P.A.:
-
Do you, or did you, own shares of Capstone Turbine Corporation
(NASDAQ CM: CPST)?
-
Did you purchase your shares between November 7, 2013 and November
5, 2015, inclusive?
-
Did you lose money in your investment?
Rigrodsky
& Long, P.A. announces that a complaint has been filed in the
United States District Court for the Central District of California on
behalf of all persons or entities that purchased the common stock of
Capstone Turbine Corporation (“Capstone” or the “Company”) (NASDAQ CM: CPST)
between November 7, 2013 and November 5, 2015, inclusive (the “Class
Period”), alleging violations of the Securities Exchange Act of 1934
against the Company and certain of its officers (the “Complaint”).
If you purchased shares of Capstone during the Class Period, or
purchased shares prior to the Class Period and
still hold Capstone, and wish to discuss this action or have any
questions concerning this notice or your rights or interests, please
contact Timothy
J. MacFall, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 2
Righter Parkway, Suite 120, Wilmington, DE 19803 at (888) 969-4242; by
e-mail to info@rl-legal.com; or
at: http://rigrodskylong.com/investigations/capstone-turbine-corporation-cpst.
The Complaint alleges that throughout the Class Period, defendants made
materially false and misleading statements, and omitted materially
adverse facts, about the Company’s business, operations and prospects.
As a result of defendants’ alleged false and misleading statements, the
Company’s stock traded at artificially inflated prices during the Class
Period.
According to the Complaint, on October 1, 2015, Capstone released a
press release disclosing that its preliminary second quarter earnings
were “notably below management’s expectations and analysts’ consensus
estimates as continued headwinds in the oil and gas market and a strong
U.S. dollar delayed orders and shipments in the quarter.” The Company
further disclosed that it “received no significant payments from its
Russian distributor, who until recently was one of [its] largest
customers.”
Then, on November 5, 2015, after the market closed, Capstone disclosed
its second quarter, 2015 results. The Company disclosed a net loss of
$7.9 million or $0.02 per share for the quarter.
On this news, shares in Capstone dropped over 9%, closing at $0.20 per
share on November 6, 2015, on heavy trading volume.
If you wish to serve as lead plaintiff, you must move the Court no later
than January 15, 2016. A lead plaintiff is a representative party
acting on behalf of other class members in directing the litigation. Any
member of the proposed class may move the court to serve as lead
plaintiff through counsel of their choice, or may choose to do nothing
and remain an absent class member.
Attorney advertising. Prior results do not guarantee a similar outcome.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151119006750/en/
Copyright Business Wire 2015