NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces it has commenced an investigation of Power Solutions International, Inc. (NASDAQ: PSIX) concerning possible violations of federal securities laws.
On April 7, 2017, Power Solutions disclosed “that the Company’s previously issued consolidated financial statements for the fiscal year ended December 31, 2014 and first fiscal quarter ended March 31, 2015 should be restated to reflect the impact of certain errors involving revenue recognition.” The Company also disclosed that “its restated financial statements for the 2014, 2015 and 2016 fiscal years (and the quarterly periods within such fiscal years) will reflect adjustments that may (i) result in a shift of recognized revenues from prior periods to subsequent periods in the aggregate amount of approximately $48 million to $74 million.” To obtain additional information, go to:
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