CGRN - CAPSTONE ALERT: Bragar Eagel & Squire P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Capstone Green Energy Corporation and Encourages Investors to Contact the Firm | Benzinga
NEW YORK, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, reminds investors that a class action lawsuit has been filed against Capstone Green Energy Corporation ("Capstone" or the "Company") (NASDAQ:CGRN) (OTC:CGRNQ) in the United States District Court for the Central District of California on behalf of all persons and entities who purchased or otherwise acquired Capstone securities between June 14, 2021 and September 22, 2023, both dates inclusive (the "Class Period"). Investors have until December 12, 2023 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
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On August 15, 2023, after the closing of trading, the Company announced its inability to timely file a Form 10-Q due to an "ongoing review and investigations by the Audit Committee of financial reporting and other matters." On this news, the Company's stock price fell $0.05, or 5%, to close at $0.89 per share August 16, 2023, on unusually high trading volume. The Company's stock price continued to fall the next trading session by $0.05, or 5%, to close at $0.84 per share on August 17, 2023.
Then, on August 18, 2023, after trading hours, the Company announced it had entered into a Fifth Amendment ...