DALLAS, Jan. 25, 2012 /PRNewswire/ -- Goldfarb Branham LLP is investigating whether the board of directors of CPI Corporation (NYSE: CPY) violated shareholder protection laws in connection with its 63% stock plummet on December 22, 2011. Concerned CPI investors who purchased before or between April 20, 2010 and December 21, 2011 are encouraged to contact attorney Hamilton Lindley at 877-583-2855 or [email protected] about their rights and remedies.
"A securities class action complaint was filed against the company that alleges that CPI and certain of its officers and directors violated the federal securities laws. According to the complaint, defendants: (1) concealed that the company was performing worse than acknowledged; (2) the growth initiatives were not working properly; and (3) that the stock buy-back was intended to project false confidence in the company," said Hamilton Lindley "Our proposed lawsuit will ensure that proper controls are placed to correct improper behavior and to maximize the company's profitability for shareholders."
Goldfarb Branham LLP lawyers have significant experience representing shareholders and whistleblowers in securities lawsuits nationwide. CPI shareholders – or anyone with knowledge about this situation – should contact lawyer Hamilton Lindley at [email protected] or 877-583-2855.
Goldfarb Branham LLP
2501 N. Harwood, Ste. 1801
Dallas, TX 75201
(877) 583-2855 Toll Free Telephone
(214) 583-2233 Local Phone Number
(214) 583-2234 Fax Number
SOURCE Goldfarb Branham LLP