Power Solutions International, Inc.
Join Class Action »
The Pawar Law Group announces it is investigating potential securities claims on behalf of shareholders of Power Solutions International, Inc. (PSIX) resulting from allegations that the Company may have issued materially misleading business information to the investing public.
On April 7, 2017, before market hours, Power Solutions disclosed “that the Company’s previously issued consolidated financial statements for the fiscal year ended December 31, 2014 and first fiscal quarter ended March 31, 2015 should be restated to reflect the impact of certain errors involving revenue recognition.” Power Solutions also disclosed that “the Company expects its restated financial statements for the 2014, 2015 and 2016 fiscal years (and the quarterly periods within such fiscal years) will reflect adjustments that may (i) result in a shift of recognized revenues from prior periods to subsequent periods in the aggregate amount of approximately $48 million to $74 million.” On this news, shares of Power Solutions fell sharply during intraday trading on April 7, 2017.
Our investigation concerns whether the Company issued false and misleading statements to investors causing investor losses. If you own Company shares and wish to learn how to protect your investment and recover your losses in Company stock, please visit http://pawarlawgroup.com/cases/power-solutions-international-inc/ or contact Vik Pawar at 212-571-0805.
Vik Pawar, Esq.
Pawar Law Group
20 Vesey Street, Suite 1210
New York, NY 10007
Tel: (212) 571-0805
Fax: (212) 571-0938