EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against CIRCOR International, Inc. – CIR
November 09 2015 - 6:09PM
Business Wire
Rosen Law Firm, a global investor rights law firm, announces it
is investigating potential securities claims on behalf of
shareholders of CIRCOR International, Inc. (NYSE: CIR) resulting
from allegations that CIRCOR may have issued materially misleading
business information to the investing public.
On November 9, 2015, CIRCOR disclosed that the consolidated
financial statements for the three and six months ended July 5,
2015 included in CIRCOR’s Quarterly Report on Form 10-Q should no
longer be relied upon because the previously filed consolidated
financial statements did not properly state certain accounts
receivable and certain taxes related to the CIRCOR’s Brazil
operations. CIRCOR also announced the closure of its Brazil
manufacturing operation due to difficult economic conditions and
ongoing challenges of its largest customer—Petrobras. On this news,
shares of CIRCOR fell $2.26 per share or over 5% to close at $42.80
per share on November 9, 2015, damaging investors.
Rosen Law Firm is preparing a class action lawsuit to recover
losses suffered by CIRCOR investors. If you purchased shares of
CIRCOR on or before November 6, 2015, please visit the firm’s
website at http://rosenlegal.com/cases-778.html for more
information. You may also contact Phillip Kim, Esq. or Kevin Chan,
Esq. of Rosen Law Firm toll free at 866-767-3653 or via email at
pkim@rosenlegal.com or kchan@rosenlegal.com.
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20151109006854/en/
Laurence Rosen, Esq.Phillip Kim, Esq.Kevin Chan, Esq.The Rosen
Law Firm, P.A.275 Madison Avenue, 34th FloorNew York, NY 10016Tel:
(212) 686-1060Toll Free: (866) 767-3653Fax: (212)
202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
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