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NEW YORK, Nov. 30, 2015 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of Checkpoint Systems Inc. (NYSE:CKP) between March 5, 2015 and November 3, 2015.
You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the District of New Jersey. If you purchased or otherwise acquired Checkpoint Systems securities between March 5, 2015 and November 3, 2015, your rights may be affected by this action. To get more information go to:
http://zlk.9nl.com/checkpoint-systems-ckp
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The complaint alleges that throughout the Class Period, defendants made 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, after the market closed, Checkpoint Systems disclosed that “the Company discovered financial statement errors attributable to the accounting for its quarterly income tax provision.” As a result, the Company concluded that certain prior filed financial statements should no longer be relied upon.
As a result of the Company’s need to restate its financial results, Checkpoint’s shares fell by more than 22% on the day the restatements were made, resulting in a loss in market capitalization of nearly $70 million.
If you suffered a loss in Checkpoint Systems you have until January 11, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph E. Levi, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com
