INVESTOR ALERT: Block & Leviton LLP Investigates Global Power Equipment Group, Inc., GLPW, Regarding Potential Accounting Irregularities
BOSTON, May 7, 2015 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), is investigating whether Global Power Equipment Group, Inc. (GLPW or the "Company") (NYSE: GLPW) may have issued inflated financial results. If you purchased GLPW securities and have lost money, you should contact Steven Harte, [email protected] or Erica Langsen, [email protected] or call (617) 398-5600.
On May 6, 2015, GLPW filed a Form 8-K with the Securities and Exchange Commission indicating that the Audit Committee of the Board determined that the Company's financial statements for year-end 2014 should no longer be relied upon due to an understatement in the Company's cost of sales contained in its 2014 quarterly and annual reports. The Company indicated it would have to restate prior results and was withdrawing its previously issued earnings guidance for 2015. On this news, shares of GLPW fell $3.64 per share or almost 30% in mid-day trading on May 7, 2015.
Block & Leviton, with offices in Boston and the San Francisco bay area represents investors who have suffered losses on their investments nationwide and has recovered billions of dollars for investors due to securities fraud and corporate malfeasance. If you have questions about your investment and losses, or information about the Company, please contact us. Confidentiality to whistleblowers or others with information relevant to the lawsuit is assured.
This notice may constitute attorney advertising.
Contact: BLOCK & LEVITON LLP
Steven Harte, Esq.
[email protected]
Erica Langsen
[email protected]
(617) 398-5600
SOURCE Block & Leviton LLP
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