San Diego, CA -- (SBWIRE) -- 05/26/2015 -- An investor in shares of Global Power Equipment Group Inc (NYSE:GLPW), filed a lawsuit in the U.S. District Court for the Northern District of Texas over alleged violations of Federal Securities Laws by Global Power Equipment Group Inc in connection with certain allegedly false and misleading statements.

Investors who purchased shares of Global Power Equipment Group Inc (NYSE:GLPW) have certain options and for certain investors are short and strict deadlines running. Deadline: July 13, 2015. Global Power Equipment Group Inc (NYSE:GLPW investors should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.

According to the complaint the plaintiff alleges on behalf of purchasers of Global Power Equipment Group Inc (NYSE:GLPW) common shares between March 9, 2015 and May 6, 2015, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that that Global Power Equipment Group's cost of sales in its financial statements for the annual period ended December 31, 2014 were understated, that Global Power Equipment Group Inc lacked adequate internal controls over its financial reporting, and that as a result of the foregoing, Global Power Equipment Group's financial statements were materially false and misleading at all relevant times.

On May 6, 2015, Global Power Equipment Group Inc announced that its financial statements for the annual period ended December 31, 2014 should not be relied upon and will be restated due to errors resulting in an understatement of the Company's cost of sales in the quarterly and annual periods ended December 31, 2014. Shares of Global Power Equipment Group Inc (NYSE:GLPW) declined on May 21, 2015, to as low as $7.42 per share.

Those who purchased shares of Global Power Equipment Group Inc (NYSE:GLPW) 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