LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP announces that it is investigating potential claims on behalf of investors of Global Power Equipment Group, Inc. (“Global Power” or the “Company”) (NYSE: GLPW) concerning the recent disclosure that the Company is delaying the filing of its quarterly report for the first quarter of 2015, and restating its financial results for the annual period ending December 31, 2014. Glancy Prongay & Murray LLP is preparing a complaint to recover damages on behalf of Global Power investors.
Please contact Lesley Portnoy at 888-773-9224 or 310-201-9150, or at firstname.lastname@example.org to discuss this matter. If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
On May 6, 2015, after the market closed, the Company disclosed that the Audit Committee of the Board of Directors of Global Power, in consultation with its outside advisors and management, had concluded that the financial statements for the annual period ended December 31, 2014 should not be relied upon because of accounting errors affecting the fourth quarter of 2014 that were discovered during the first quarter 2015 financial review process. Additionally, the Company disclosed that these errors resulted in an understatement of the Company’s cost of sales in the quarterly and annual periods ended December 31, 2014. During intraday trading on May 7, 2015, shares of Global Power declined $3.77 per share or more than 30%.
If you purchased shares of Global Power, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of Glancy Prongay & Murray LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to email@example.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.