An investigation on behalf of current long term investors in Checkpoint Systems, Inc. (NYSE:CKP) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NYSE:CKP stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 02/03/2016 -- An investigation for shareholders in Checkpoint Systems, Inc. (NYSE:CKP) was announced concerning potential breaches of fiduciary duties by certain Checkpoint Systems directors.
Investors who are current long term investors in Checkpoint Systems, Inc. (NYSE:CKP) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NYSE:CKP stocks follows a lawsuit filed against Checkpoint Systems, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE:CKP stocks, concerns whether certain Checkpoint Systems officers and 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 District of New Jersey the plaintiff alleges that the defendants made certain false and misleading statements and failed to disclose material information, with respect to the accounting for its quarterly income tax provisions.
On November 3, 2015, Checkpoint Systems, Inc. disclosed that during the preparation of the third quarter financial statements, Checkpoint Systems, Inc discovered financial statement errors attributable to the accounting for its quarterly income tax provision. Checkpoint Systems, Inc said that it intends to restate its previously-issued financial statements for the quarterly periods ended March 29, 2015 and June 28, 2015 and the six month period ended June 28, 2015 through the filing of amended Quarterly Reports on Form 10-Q/A for the quarterly periods ended March 29, 2015 and June 28, 2015. Shares of Checkpoint Systems, Inc. (NYSE:CKP) declined on November 4, 2015 to as low as $5.07 per share.
On February 1, 2016, NYSE:CKP shares closed at $6.39 per share.
Those who purchased shares of Checkpoint Systems, Inc. (NYSE:CKP) 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