NEW YORK--(BUSINESS WIRE)--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.
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