INVESTOR ALERT: Investigation of Capstone Turbine Corp. Announced by Law Offices of Howard G. Smith
12 December 2015 - 4:28AM
Business Wire
Law Offices of Howard G. Smith announces an investigation on
behalf of investors of Capstone Turbine Corp. ("Capstone" or the
"Company") (NASDAQ: CPST) concerning the Company’s and its
officers’ possible violations of federal securities laws. The
investigation focuses on certain statements issued by Capstone
prior to October 1, 2015 regarding the Company’s business and
financial performance; and, whether the Company adequately
disclosed known risks to investors.
On October 1, 2015, Capstone issued a press release disclosing
that its preliminary second quarter earnings were “notably below
management’s expectations and analysts’ consensus estimates as
continued headwinds in the oil and gas market and a strong U.S.
dollar delayed orders and shipments in the quarter.” The Company
further disclosed that it “received no significant payments from
its Russian distributor, who until recently was one of [its]
largest customers.”
On this news, shares of Capstone fell $0.09 per share, or more
than 25%, to close at $0.25 on October 1, 2015, on unusually heavy
trading volume.
If you purchased Capstone securities and have suffered a loss,
or if you have information or would like to learn more about these
claims, or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact
Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070
Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone
at (215) 638-4847, toll-free at (888) 638-4847, or by email
to howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20151211005661/en/
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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