An investigation on behalf of current long term investors in Capstone Turbine Corporation (NASDAQ:CPST) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NASDAQ:CPST stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 09/15/2017 -- An investigation on behalf of investors in shares of Capstone Turbine Corporation (NASDAQ:CPST) concerning potential breaches of fiduciary duties by certain directors and officers of Capstone Turbine was announced.
Investors who are current long term investors in Capstone Turbine Corporation (NASDAQ:CPST) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm for investors in NASDAQ:CPST stocks follows a lawsuit filed against Capstone Turbine over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ:CPST stocks, concerns whether certain Capstone Turbine directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges that Defendants made allegedly false and/or misleading statements and/or allegedly failed to disclose the following that BPC Engineering ("BPC"), one of the Company's main Russian distributors, was unlikely to be able to fulfill many of its legal and financial obligations to Capstone, that Capstone failed to make appropriate adjustments to its accounts receivable and backlog to account for BPC's inability to fulfill its obligations to Capstone, that Capstone issued financial statements in violation of Generally Accepted Accounting Principles ("GAAP"), that the Company lacked adequate internal controls over accounting, and that, as a result of the foregoing, the Company's financial statements, as well as Defendants' statements about Capstone's business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
Those who purchased shares of Capstone Turbine Corporation (NASDAQ:CPST) 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