EQUITY ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against Power Solutions International, Inc. and Reminds Investors with Losses In Excess of $100,000 to Contact the Firm
IRVINE, CA / ACCESSWIRE / September 27, 2016 / Khang & Khang LLP (the "Firm") announces the filing of a class action lawsuit against Power Solutions International, Inc. ("Power Solutions" or the "Company") (PSIX). Investors who purchased or otherwise acquired shares between May 8, 2015 and August 15, 2016 inclusive (the "Class Period"), are encouraged to contact the Firm prior to the October 21, 2016 lead plaintiff motion deadline.
If you purchased shares of Power Solutions during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail 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 complaint alleges that through the Class Period, Power Solutions made false and misleading statements and/or failed to disclose that: the Company inappropriately recognized revenue for certain transactions; that the Company lacked adequate internal controls over financial reporting; and that as a result of the above, Power Solutions' public statements were materially false and misleading at all relevant times. On August 15, 2016, Power Solutions announced that it would delay filing its Form 10-Q for the quarter ending June 30, 2016 because its financial statements were incomplete due to possible problems with certain transactions involving revenue recognition. When this information was released to the public, Power Solutions' stock price decreased, which caused investors harm.
If you wish to learn more about this lawsuit, or if you have any questions regarding this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.
This press release may constitute Attorney Advertising in some jurisdictions.
Contacts
Joon M. Khang, Esq.
Telephone: 949-419-3834
Facsimile: 949-225-4474
joon@khanglaw.com
SOURCE: Khang & Khang LLP
