SAN DIEGO, May 13, 2016 /PRNewswire/ -- Johnson & Weaver, LLP is investigating potential violations of the federal securities laws by CPI Card Group Inc. (NASDAQ: PMTS) and certain of its officers. CPI engages in the design, production, data personalization, packaging and fulfillment of financial payment cards.
Specifically, Johnson & Weaver's investigation seeks to determine whether certain statements regarding the Company's business and prospects were false and misleading when made.
On May 11, 2016, CPI reported disappointing financial results for the first quarter ended March 31, 2016, stating "primary impact resulting from lower than expected EMV card shipments," according to President and CEO Steve Montross. On the news, CPI stock plummeted 48%, to close at $4.01 on May 12, 2016.
If you are a CPI shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (firstname.lastname@example.org) at 619-814-4471. If you email, please include your phone number.
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
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SOURCE Johnson & Weaver, LLP