INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Global Power Equipment Group Inc. (GLPW) To Contact The Firm

News provided by

May 08, 2015, 07:15 ET

NEW YORK, May 8, 2015 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Global Power Equipment Group Inc. ("Global Power" or the "Company") (NYSE: GLPW).

The investigation focuses on whether the Company and its executives violated federal securities laws by understating the Company's financial statements.

On May 6, 2015, Global Power disclosed in a Form 8-K that it will delay the filing of its Form 10-Q and will restate its financial statements for the annual period ending December 31, 2014 due to accounting errors that were discovered in the financial review process. The errors resulted in an understatement of the Company's cost of sales in its 2014 quarterly and annual reports.

Following this news, the price of Global Power stock declined by $4.05, or over 30%, to close at $8.19 on May 7, 2015.

Request more information now by clicking here: www.faruqilaw.com/GLPW. There is no cost or obligation to you.

Take Action

If you invested in Global Power stock or options between March 9, 2015 and May 6, 2015 and would like to discuss your legal rights, visit www.faruqilaw.com/ GLPW. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to [email protected]. Faruqi & Faruqi, LLP also encourages anyone with information regarding Global Power's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
[email protected]
Telephone: (877) 247-4292 or (212) 983-9330

Logo - http://photos.prnewswire.com/prnh/20120119/MM38856LOGO

SOURCE Faruqi & Faruqi, LLP