SAN DIEGO--(BUSINESS WIRE)--Shareholder rights law firm Johnson & Weaver, LLP is investigating whether certain officers and directors of Checkpoint Systems Inc. (NYSE: CKP) violated state or federal laws in connection with previously released financial statements.
On November 3, 2015, Checkpoint announced that “the Company discovered financial statement errors attributable to the accounting for its quarterly income tax provision.” As a result, Checkpoint stated that “the unaudited financial statements for the quarterly period ended March 29, 2015, the quarterly period ended June 28, 2015 and the year-to-date period ended June 28, 2015 contained in the Company’s Quarterly Reports on Form 10-Q for the quarterly period ended March 29, 2015 and the quarterly period ended June 28, 2015 should no longer be relied upon.”
On this news, shares of Checkpoint fell over 30% in early morning trading on November 4, 2015.
If you have information that could assist in this investigation, or if you are a Checkpoint shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (firstname.lastname@example.org) by email or by phone 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.