Glancy Prongay & Murray LLP Announces Investigation on Behalf of CPI Aerostructures, Inc. Investors
LOS ANGELES--(BUSINESS WIRE)--Feb 15, 2019--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of CPI Aerostructures, Inc. investors (“CPI” or the “Company”) (NYSE American: CVU ) concerning the Company and its officers’ possible violations of federal securities laws.
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On February 8, 2019, CPI announced that its previously issued financial statements for the three and nine months ended September 30, 2018 should no longer be relied upon due to an error related to the Company’s billing process which caused an overstatement of revenue.
On this news, CPI’s share price fell 8.5% to close at $6.34 per share on February 8, 2019, thereby injuring investors.
If you purchased CPI stock, 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, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067 at 310-201-9150, Toll-Free at 888-773-9244, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number, and the number of shares purchased.
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View source version on businesswire.com:https://www.businesswire.com/news/home/20190215005037/en/
CONTACT: Glancy Prongay & Murray LLP, Los Angeles
Lesley Portnoy, 310-201-9150 or 888-773-9224
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Glancy Prongay & Murray LLP
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PUB: 02/15/2019 11:00 AM/DISC: 02/15/2019 11:01 AM