IRVINE, Calif. -- (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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151201006940/en/
Contacts:
KHANG & KHANG LLP
Joon M. Khang, Esq.
Telephone:
949-419-3834
Facsimile: 949-225-4474
joon@khanglaw.com
Source: Khang & Khang LLP
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