NEW YORK, NY / ACCESSWIRE / February 27, 2019 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of CPI Aerostructures, Inc. (''CPI'' or the ''Company'') (NYSE American: CVU). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/cvu.
The investigation concerns whether CPI and certain of its officers and/or directors have violated federal securities laws.
On February 8, 2019, CPI revealed that its financial statements for the three and nine months ended September 30, 2018 listed in its Form 10-Q could no longer be relied upon due to an ''error ... in the Company's billing process.'' CPI said that the alleged error inflated its revenue and income before provision for income taxes, net income, and earnings per share. Following this news, CPI stock dropped $0.59 per share or 8.5% to close at $6.34 per share on February 8, 2019.
If you are aware of any facts relating to this investigation, or purchased CPI shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/cvu. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC