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CPI Card Group Inc (NASDAQ:PMTS) Investor Investigation Concerning Potential Securities Laws Violations Announced

  • If you purchased shares of CPI Card Group Inc (NASDAQ:PMTS), you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
CPI Card Group Inc
Security
NASDAQ: PMTS

Summary

May 17, 2016 (Shareholders Foundation) - An investigation on behalf of investors of CPI Card Group Inc (NASDAQ:PMTS) shares over potential securities laws violations by CPI Card Group and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of CPI Card Group Inc (NASDAQ:PMTS) concerning whether a series of statements by CPI Card Group regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

CPI Card Group Inc reported that its annual total Revenue rose from $261.01 million in 2014 to $374.11 million in 2015 and that its Net Income increased from $13.30 million in 2014 to $30.86 million in 2015.

On May 11, 2016, CPI Card Group Inc reported its first quarter 2016 results and revised its fully year 2016 financial outlook.

Shares of CPI Card Group Inc (NASDAQ:PMTS) declined from $7.85 per share on May 11, 016 to $3.89 per share on May 12, 2016.

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