CGRNQ INVESTORS WITH LARGE LOSSES should contact Robbins LLP for Information about the Capstone Green Energy Corp. Class Action

CGRNQ INVESTORS WITH LARGE LOSSES should contact Robbins LLP for Information about the Capstone Green Energy Corp. Class Action

Grand News Network / November 6, 2023 9:00 PM

SAN DIEGO, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action lawsuit on behalf of persons and entities that purchased or otherwise acquired Capstone Green Energy Corp. (OTC:CGRNQ) between June 14, 2021 and September 22, 2023. Capstone is a California based gas turbine manufacturer that specializes in microturbine power along with heating and cooling cogeneration systems.

For more information, submit a form, email Aaron Dumas, Jr., or give us a call at (800) 350-6003.

What is this Case About: Capstone Green Energy Corp. (CGRNQ) Lacked a Reasonable Basis to Report Certain Financial Results

According to the complaint, during the class period, defendants failed to disclose: (1) that the Company had engaged in "bill and hold transactions" with customers; (2) that these transactions were not reported pursuant to generally accepted accounting principles ("GAAP"); (3) that, "as a result of apparent errors primarily related to revenue ...

Full story available on Benzinga.com


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