An investigation on behalf of investors of Manitex International Inc (NASDAQ:MNTX) shares over potential securities laws violations by Manitex International and certain of its directors and officers in connection with certain financial statements was announced.

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

Bridgeview, IL based Manitex International, Inc. is a provider of engineered specialty lifting and loading products. Manitex International Inc reported that its annual Total Revenue declined from $319.68 million in 2015 to $288.96 million in 2016 and that its Net loss increased from $5.31 million in 2015 to $21.20 million in 2016.

On November 6, 2017, during aftermarket hours, Manitex International Inc disclosed that it improperly recorded revenue in 2016 and that the Companys previously issued financial statements for the quarters ended March 31, June 30 and September 30, 2016, year ended December 31, 2016 and quarters ended March 31 and June 30, 2017can no longer be relied upon. Manitex International Inc stated that it intends to file [] restated annual and quarterly financial statements for these periods and that its Audit Committee has engaged external counsel to perform an investigation of these matters.

Shares of Manitex International Inc (NASDAQ:MNTX) declined on November 7, 2017 to as low as $7.28 per share.