An investor in Checkpoint Systems, Inc. (NYSE:CKP) filed a lawsuit over alleged violations of Federal Securities Laws by Checkpoint Systems, Inc..
Investors who purchased shares of Checkpoint Systems, Inc. (NYSE:CKP) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The plaintiff alleges on behalf of purchasers of Checkpoint Systems, Inc. (NYSE:CKP) common shares between March 5, 2015 and November 3, 2015, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between March 5, 2015 and November 3, 2015 defendants made false and misleading statements and failed to disclose material information, with respect to the accounting for its quarterly income tax provisions.
On November 3, 2015, Checkpoint Systems, Inc. disclosed that during the preparation of the third quarter financial statements, Checkpoint Systems, Inc discovered financial statement errors attributable to the accounting for its quarterly income tax provision. Checkpoint Systems, Inc said that it intends to restate its previously-issued financial statements for the quarterly periods ended March 29, 2015 and June 28, 2015 and the six month period ended June 28, 2015 through the filing of amended Quarterly Reports on Form 10-Q/A for the quarterly periods ended March 29, 2015 and June 28, 2015. Shares of Checkpoint Systems, Inc. (NYSE:CKP) declined on November 4, 2015 to as low as $5.07 per share.
February 8, 2016, NYSE:CKP shares closed at $6.17 per share.
Those who purchased shares of Checkpoint Systems, Inc. (NYSE:CKP) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com