Investigation announced for Investors in shares of CIRCOR International, Inc. (NYSE: CIR)

CIRCOR International, Inc is under investigation over potential securities laws violations in connection with certain financial statements.

Investors who purchased shares of CIRCOR International, Inc. (NYSE: CIR), 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 focuses on possible claims on behalf of purchasers of the securities of CIRCOR International, Inc. (NYSE: CIR) concerning whether a series of statements by CIRCOR International, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Burlington, MA based CIRCOR International, Inc. designs, manufactures, and markets engineered products and sub-systems worldwide. CIRCOR International, Inc. reported that its annual Total Revenue declined from over $1.17 billion in 2018 to $964.31 million in 2019 and that its Net Loss increased from $39.38 million in 2018 to $133.93 million in 2019.

On March 2, 2020, CIRCOR International, Inc. announced that it would delay the filing of its financial report for the quarter and year ended December 31, 2019, citing material weaknesses in its internal control over financial reporting and the need for additional time to evaluate the impact of those weaknesses. CIRCOR International, Inc. also announced an independent investigation into accounting and financial reporting at one of its discontinued operations in order to determine whether there are any matters which could have a material impact on the Company's financial results.

Shares of CIRCOR International, Inc. (NYSE: CIR) declined from $46.79 per share in late 2019 to as low as $19.38 per share on March 13, 2020.

Those who purchased shares of CIRCOR International, Inc. (NYSE: CIR) 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.

This release was published on openPR.