NEW YORK–(BUSINESS WIRE)–Rosen Law Firm, a global investor rights law firm, announces it is
investigating potential securities claims on behalf of shareholders of
CPI Aerostructures, Inc. (NYSE: CVU) resulting from allegations that CPI
Aerostructures may have issued materially misleading business
information to the investing public.
On February 8, 2019, CPI Aerostructures disclosed that its financial
statements for the three and nine months ended September 30, 2018
reported in its Form 10-Q could no longer be relied upon due to an
“error . . . in the Company’s billing process.” According to CPI
Aerostructures, the alleged error inflated its revenue and income before
provision for income taxes, net income, and earnings per share for each
such period. On this news, shares of CPI Aerostructures fell $0.59 per
share or 8.5% to close at $6.34 per share on February 8, 2019.
Rosen Law Firm is preparing a class action lawsuit to recover losses
suffered by CPI Aerostructures investors. If you purchased shares of CPI
Aerostructures please visit the firm’s website at https://www.rosenlegal.com/cases-1506.html
to join the class action. You may also contact Phillip Kim or Zachary
Halper of Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org
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Rosen Law Firm represents investors throughout the globe, concentrating
its practice in securities class actions and shareholder derivative
litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class
Action Services for number of securities class action settlements in
2017. The firm has been ranked in the top 3 each year since 2013.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Laurence Rosen, Esq.
Phillip Kim, Esq.
Zachary Halper, Esq.
Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653