An investigation for investors in CIRCOR International, Inc. shares over potential securities laws violations by CIRCOR International, Inc. was announced.
Investors who purchased shares of CIRCOR International, Inc. (NYSE:CIR), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of CIRCOR International, Inc. (NYSE:CIR) concerning whether a series of statements by CIRCOR International, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
CIRCOR International, Inc. reported that its annual Total Revenue declined from $857.81 million in 2013 to $841.45 million in 2014 while its Net Income increased from $47.12 million in 2013 to $50.39 million in 2014.
On November 9, 2015, CIRCOR International, Inc. disclosed that the consolidated financial statements for the three and six months ended July 5, 2015 included in CIRCOR’s Quarterly Report on Form 10-Q should no longer be relied upon because the previously filed consolidated financial statements did not properly state certain accounts receivable and certain taxes related to the CIRCOR International, Inc’s Brazil operations. CIRCOR International, Inc. also announced that on November 3, 2015 the Board of Directors approved the closure and exit of its Brazil manufacturing operations.
Those who purchased shares of CIRCOR International, Inc. (NYSE:CIR) have certain options and should contact the Shareholders Foundation.
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