Commercial Vehicle Group, Inc. (CVGI)
CVGI Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Investigation of Commercial Vehicle Group, Inc. and Encourages Investors to Contact the Firm
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Commercial Vehicle Group, Inc. ("Commercial Vehicle Group" or "the Company") (NASDAQ: CVGI). The investigation concerns whether Commercial Vehicle Group and certain of its officers and/or directors have violated federal securities laws.
On March 16, 2020, after-hours, Commercial Vehicle Group announced its fourth quarter and full year 2019 financial results. The Company said that some of its financial statements for fiscal 2018 and 2019 periods should no longer be relied upon due to misstatements, and that its internal Audit Committee determined that for the nine months ended September 30, 2019, cost of revenues were understated by $4.6 million, net income was overstated by $3.5 million, and diluted earnings per share was overstated by $0.11. Following this news, Commercial Vehicle Group dropped as much as $0.33 per share, or over 13%, during intraday trading on March 17, 2020.
If you are aware of any facts relating to this investigation, or purchased Commercial Vehicle Group shares, you can assist this investigation by contacting the firm. 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.