Company Website:
http://rosenlegal.com
NEW YORK -- (Business Wire)
The Rosen Law Firm announces that it is investigating potential
securities fraud claims against Checkpoint Systems Inc. (NYSE:CKP)
resulting from allegations that Checkpoint Systems may have improperly
recognized revenues in all periods between 2011 through the third
quarter of 2013.
On March 6, 2014, Checkpoint Systems announced a delay in the reporting
of its fourth quarter and full year 2013 earnings and other financial
metrics because it needs additional time to complete the review of its
financial results for those periods. On this news, shares of Checkpoint
Systems fell $1.10 per share, or approximately 7%, to close at a price
of $14.00 per share on March 7, 2014, damaging investors.
On March 20, 2014, Checkpoint Systems announced it is restating its
financial statements for the fiscal years ended on December 25, 2011
and, December 30, 2012, and for the three months ended March 31, June
30, and September 29, 2013. The company attributed the restatements to
material errors in the timing of the recognition of income related to a
previous transaction in 2011. Since its March 6 disclosure, shares of
Checkpoint Systems have fallen $1.60 per share, or approximately 11%, to
close at a price of $13.50 per share, further damaging investors.
The Rosen Law Firm is preparing a securities class action lawsuit on
behalf of Checkpoint Systems investors. If you purchased Checkpoint
Systems stock before March 20, 2014, please visit the website at http://rosenlegal.com
for more information. You may also contact Phillip Kim, Esq. or Kevin
Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail
at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and shareholder
derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contacts:
The Rosen Law Firm P.A.
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin
Chan, Esq.
275 Madison Avenue 34th Floor
New York,
New York 10016
Tel: 212-686-1060
Toll Free: 1-866-767-3653
Fax:
212-202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com
Source: The Rosen Law Firm P.A.
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