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Stock impact report

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of CPI Aerostructures, Inc. - CVU

CPI Aerostructures, Inc. (CVU) 
NASDAQ:AMEX Investor Relations: cpiaero.com
Company Research Source: GlobeNewswire
NEW YORK, April 01, 2020 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of CPI Aerostructures, Inc.  (“CPI” or the “Company”) (NYSE: CVU).   Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980. The investigation concerns whether CPI and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On February 8, 2019, CPI filed a Form 8-K with the SEC, reporting that its previously filed quarterly report for the third quarter of 2018 should no longer be relied upon.  Specifically, CPI disclosed that during the three and nine months ended September 30, 2018, the Company’s revenue was overstated by $900,000 to $950,000, net income was overstated by $725,000 to $775,000, and as a result, earnings per share were overstated by $0.09 per share for each such period.  CPI also disclose Show less Read more
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