INVESTOR NOTICE: Khang & Khang LLP Announces an Investigation of Claims against Capstone Turbine Corp. & Advises Investors to...
December 01 2015 - 9:40PM
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 joon@khanglaw.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
joon@khanglaw.com.
This press release may constitute Attorney Advertising in some
jurisdictions.
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version on businesswire.com: http://www.businesswire.com/news/home/20151201006940/en/
KHANG & KHANG LLPJoon M. Khang, Esq.Telephone:
949-419-3834Facsimile: 949-225-4474joon@khanglaw.com
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