Press release
Investigation announced for Investors in shares of CIRCOR International, Inc (NYSE: CIR)
An investigation on behalf of investors in CIRCOR International, Inc (NYSE: CIR) shares over potential wrongdoing.
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 concerns whether certain CIRCOR International, Inc directors breached their fiduciary duties and caused damage to the company and its shareholders.
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 $964.31 million in 2019 to $774.27 million in 2020, and that its Net Loss increased from $133.93 million in 2019 to $185.49 million in 2020.
On March 14, 2022, CIRCOR International, Inc disclosed that it may restate financial results dating to 2018 due to accounting irregularities related to its pipeline engineering unit. The Company stated that the irregularities appear to be "in the range of $35 to $45 million of pre-tax income on a cumulative basis over a period of at least five years."
Shares of CIRCOR International, Inc (NYSE: CIR) declined from $25.51 per share on March 09, 2022, to as low as $23.22 per share on March 14, 2022.
Those who purchased shares of CIRCOR International, Inc (NYSE: CIR), have certain options and should contact the Shareholders Foundation.
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 lawsuits, 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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