Harwood Feffer LLP Announces Investigation of Global Power Equipment Group Inc.
May 7, 2015
NEW YORK, May 7, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Global Power Equipment Group Inc. ("Global Power" or the "Company") (NYSE: GLPW), concerning whether the board has breached its fiduciary duties to shareholders.
On May 5, 2015, the Company disclosed that it will be required to restate its financial statements for 2014 because of accounting errors. According to the disclosure, Global Power's results understated cost of sales in quarterly and annual periods ended December 31, 2014. As a result, the Company will not be able to timely file its first quarter 2015 earnings report.
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 Global Power 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
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
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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