NEW YORK, Aug. 18, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Power Solutions International, Inc. ("PSI" or the "Company") (NASDAQ: PSIX), concerning whether the board has breached its fiduciary duties to shareholders.
On August 15, 2016, PSI disclosed that it would require an extension for filing its financial statements for the quarter ended June 30, 2016. The Company stated the delay was due to "an ongoing review of allegations made by a former employee" regarding "certain transactions involving revenue recognition."
Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.
If you own PSI shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Email: [email protected]
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Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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