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NEW YORK, Jan. 07, 2016 (GLOBE NEWSWIRE) -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the District of New Jersey on behalf of investors who purchased Checkpoint Systems Inc. (NYSE:CKP) securities between March 5, 2015 and November 3, 2015.
Click here to learn about the case: http://docs.wongesq.com/CKP-Info-Request-Form-1028. 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. To obtain additional information, contact Vincent Wong, Esq. either via email [email protected], by telephone at 212.425.1140, or visit http://docs.wongesq.com/CKP-Info-Request-Form-1028.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Vincent Wong, Esq. 39 East Broadway Suite 304 New York, NY 10002 Tel. 212.425.1140 Fax. 866.699.3880 E-Mail: [email protected]
