IRVINE, Calif.--(BUSINESS WIRE)--Khang & Khang LLP announces that it is investigating claims of potential misrepresentations by Capstone Turbine Corp. (“Capstone” or the “Company”) (Nasdaq: CPST). The investigation focuses on whether the Company and its officers violated securities laws by issuing misleading information to investors.
If you purchased shares of Capstone during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by email at email@example.com.
There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
The investigation will focus on whether the Company failed to disclose the following: (1) that BPC Engineering (“BPC”), an important Russian distributer, was unlikely to be able to fulfill many of its legal and financial obligations to Capstone; (2) that Capstone did not make the proper adjustments to its accounts receivable and backlog to account for BPC’s inability to fulfill its obligations to Capstone; (3) that some of Capstone’s financial statements were in violation of Generally Accepted Accounting Principles (“GAAP”); and (4) that the Company lacked adequate internal controls over accounting. When the truth was revealed, shares dropped causing investors harm.
If you wish to learn more about this lawsuit, or if you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by email at firstname.lastname@example.org.
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