Press release
Investigation announced for Long-Term Investors in shares of Motorcar Parts of America, Inc. (NASDAQ: MPAA)
An investigation on behalf of investors in Motorcar Parts of America, Inc. (NASDAQ: MPAA) shares over potential wrongdoing.
Investors who purchased shares of Motorcar Parts of America, Inc. (NASDAQ: MPAA) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Motorcar Parts of America directors breached their fiduciary duties and caused damage to the company and its shareholders.
Torrance, CA based Motorcar Parts of America, Inc. manufactures, remanufactures, and distributes heavy duty trucks, and industrial and agricultural application parts. Motorcar Parts of America, Inc. reported that its Total Revenue rose from $421.25 million for the 12 months period that ended on March 31, 2017 to $428.07 million for the 12 months period that ended on March 31, 2018 and that its Net Income declined from $37.57 million to $16.31 million.
On November 9, 2018, Motorcar Parts of America, Inc announced that filing would be delayed for its fiscal second quarter Form 10-Q while it evaluates its accounting policies for new business contracts.
Shares of Motorcar Parts of America, Inc. (NASDAQ: MPAA) declined to as low as $15.06 per share on December 26, 2018.
On January 9, 2019, NASDAQ: MPAA shares closed at $20.29 per share.
Those who purchased shares of Motorcar Parts of America, Inc. (NASDAQ: MPAA) have certain options and should contact the Shareholders Foundation.
Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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