Unternehmensnachrichten
Glancy - Glancy Binkow & Goldberg LLP, Representing Investors Who Purchased Northwest Pipe Company, Announces Class Action Lawsuit and Seeks to Recover Losses
26.11.09 | 07:01 UhrNotice is hereby given that Glancy Binkow & Goldberg LLP has filed a class action lawsuit in the United States District Court for the Western District of Washington on behalf of a class (the ?Class?) consisting of all persons or entities who purchased the securities of Northwest Pipe Company (?Northwest Pipe? or the ?Company?) (Nasdaq:NWPX) between April 23, 2008 and November 11, 2009, inclusive (the ?Class Period?).A copy of the Complaint is available from the court or from Glancy Binkow & Goldberg LLP. Please contact us by phone to discuss this action or to obtain a copy of the Complaint at (310) 201-9150 or Toll Free at (888) 773-9224, by email at shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com.The Complaint charges the Company and certain of its executive officers with violations of federal securities laws. Northwest Pipe manufactures and markets large-diameter, high-pressure steel pipeline systems for use in water
Notice is hereby given that Glancy Binkow & Goldberg LLP has filed a class action lawsuit in the United States District Court for the Western District of Washington on behalf of a class (the ?Class?) consisting of all persons or entities who purchased the securities of Northwest Pipe Company (?Northwest Pipe? or the ?Company?) (Nasdaq:NWPX) between April 23, 2008 and November 11, 2009, inclusive (the ?Class Period?).
A copy of the Complaint is available from the court or from Glancy Binkow & Goldberg LLP. Please contact us by phone to discuss this action or to obtain a copy of the Complaint at (310) 201-9150 or Toll Free at (888) 773-9224, by email at shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com.
The Complaint charges the Company and certain of its executive officers with violations of federal securities laws. Northwest Pipe manufactures and markets large-diameter, high-pressure steel pipeline systems for use in water infrastructure applications, primarily related to drinking water systems. Its pipeline systems also are used for hydroelectric power systems, wastewater systems and other applications. The Complaint alleges that throughout the Class Period defendants knew or recklessly disregarded that their public statements concerning Northwest Pipe?s business and financial performance were materially false and misleading. Specifically, defendants overstated the Company?s revenues and earnings by failing to recognize revenues in accordance with Generally Accepted Accounting Principles (?GAAP?).
On November 12, 2009, Northwest Pipe shocked investors when it announced that the Company was delaying the filing of its Quarterly Report for the quarter ended September 30, 2009, pending the conclusion of an ongoing internal investigation being conducted by the Company?s Audit Committee into certain accounting matters, including revenue recognition practices.
As a result of this news, the price of Northwest Pipe stock dropped $4.49 per share from the previous day?s closing price, to close on November 12, 2009, at $26.74 per share ? a one-day decline of more than 14%, on unusually heavy trading volume.
Plaintiff seeks to recover damages on behalf of class members and is represented by Glancy Binkow & Goldberg LLP, a law firm with significant experience in prosecuting class actions, and substantial expertise in actions involving corporate fraud.
If you are a member of the class described above, you may move the Court, no later than January 19, 2010, to serve as lead plaintiff, however, you must meet certain legal requirements. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, or Richard A. Maniskas, Esquire, of Glancy Binkow & Goldberg LLP, 1801 Avenue of the Stars, Suite 311, Los Angeles, California 90067, by telephone at (310) 201-9150 or Toll Free at (888) 773-9224, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com.
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Notice is hereby given that Glancy Binkow & Goldberg LLP has filed a class action lawsuit in the United States District Court for the Western District of Washington on behalf of a class (the ?Class?) consisting of all persons or entities who purchased the securities of Northwest Pipe Company (?Northwest Pipe? or the ?Company?) (Nasdaq:NWPX) between April 23, 2008 and November 11, 2009, inclusive (the ?Class Period?).A copy of the Complaint is available from the court or from Glancy Binkow & Goldberg LLP. Please contact us by phone to discuss this action or to obtain a copy of the Complaint at (310) 201-9150 or Toll Free at (888) 773-9224, by email at shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com.The Complaint charges the Company and certain of its executive officers with violations of federal securities laws. Northwest Pipe manufactures and markets large-diameter, high-pressure steel pipeline systems for use in water
Notice is hereby given that Glancy Binkow & Goldberg LLP has filed a class action lawsuit in the United States District Court for the Western District of Washington on behalf of a class (the ?Class?) consisting of all persons or entities who purchased the securities of Northwest Pipe Company (?Northwest Pipe? or the ?Company?) (Nasdaq:NWPX) between April 23, 2008 and November 11, 2009, inclusive (the ?Class Period?).A copy of the Complaint is available from the court or from Glancy Binkow & Goldberg LLP. Please contact us by phone to discuss this action or to obtain a copy of the Complaint at (310) 201-9150 or Toll Free at (888) 773-9224, by email at shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com.The Complaint charges the Company and certain of its executive officers with violations of federal securities laws. Northwest Pipe manufactures and markets large-diameter, high-pressure steel pipeline systems for use in water
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