LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC (www.Goldberglawpc.com) announces that a class action lawsuit has been filed against Capstone Turbine Corp. (“Capstone” or the “Company”) (NASDAQ: CPST), for alleged violations of the federal securities laws. Investors who purchased or otherwise acquired shares between November 7, 2013 and November 5, 2015, inclusive (the “Class Period”), are advised to contact the firm. Shareholders have 60 days from the date of this notice to file a motion for lead plaintiff.
If you are a shareholder who suffered a loss during the Class Period, we advise you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 13650 Marina Pointe Dr. Suite 1404, Marina Del Rey, CA 90292, at 800-977-7401, to discuss your rights without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at email@example.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the complaint, 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 have any questions concerning your legal rights in this case, please immediately contact Goldberg Law PC at 800-977-7401, or visit our website at http://www.Goldberglawpc.com, or email us at firstname.lastname@example.org.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.