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Investigation announced for NASDAQ: CVGI Investors over possible Wrongdoing at Commercial Vehicle Group, Inc.

05-02-2020 01:33 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of investors in Commercial Vehicle Group, Inc. (NASDAQ: CVGI) shares over potential wrongdoing.

An investigation on behalf of investors in Commercial Vehicle Group, Inc. (NASDAQ: CVGI) shares over potential wrongdoing.

An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Commercial Vehicle Group, Inc.

Investors who purchased shares of Commercial Vehicle Group, Inc. (NASDAQ: CVGI) 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 Commercial Vehicle Group directors breached their fiduciary duties and caused damage to the company and its shareholders.

New Albany, OH based Commercial Vehicle Group, Inc., together with its subsidiaries, designs, engineers, produces, and sells a range of cab related products and systems in North America, Europe, and the Asia-Pacific regions. On March 16, 2020, Commercial Vehicle Group, Inc announced its fourth quarter and full year 2019 financial results. Therein, Commercial Vehicle Group, Inc disclosed that certain financial statements for fiscal 2018 and 2019 periods should no longer be relied upon due to misstatements. Its Audit Committee had determined, among other things, that for the nine months ended September 30, 2019, cost of revenues were understated by $4.6 million, net income was overstated by $3.5 million, and diluted earnings per share was overstated by $0.11.

Those who purchased shares of Commercial Vehicle Group, Inc. (NASDAQ: CVGI) 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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