Archive for March, 2016

Tangoe, Inc. Alert – Shareholders encouraged to contact law firm

INVESTOR ALERT: National Securities Law Firm Announces Investigation of Accounting Irregularities, and Encourages Investors With Losses to Contact Law Firm for More Information

March 8, 2016
New York, New York

Tripp Levy PLLC, a leading national securities law firm, announces that it is investigating potential securities claims on behalf of investors of Tangoe, Inc. (TNGO) (“Tangoe” or the “Company”) resulting from allegations that Tangoe may have issued materially misleading business information to the investing public.

On March 7, 2016, Tangoe announced that it will restate its financial statements for the years 2013 and 2014, all quarters therein, and the first 3 quarters of 2015. Tangoe does not expect to file its annual report on Form 10-K with the SEC as scheduled on March 15, 2016.

Further, Tangoe investors should no longer rely upon the Company’s previously released financial statements for the time periods cited above. In addition, investors should no longer rely upon earnings releases for these periods; reports by the Company’s independent registered public accounting firm on such financial statements; and other communications relating to these financial statements. The Company is withdrawing all prior financial guidance for the fourth quarter 2015 and related full year 2015.

The decision to restate these financial statements is based on the Company’s conclusion that it made errors in recognizing revenue, primarily from business activities that are ancillary to the Company’s core business.

On this news, Tangoe stock fell sharply, harming investors.

If you purchased shares of Tangoe and have suffered a loss from your investment in Tangoe common stock and would like to learn more information about this investigation, including your ability to potentially recover your losses, please contact us toll free at 1-800-511-7037 or contact us via our website or go to Participate in an Action.

Tripp Levy PLLC represents individuals and institutional shareholders in shareholder transactions and has assisted in the recovery of millions of dollars for shareholders in securities actions around the globe.

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Brixmor Alert – Shareholders encouraged to contact law firm

Brixmor Alert – National Securities Law Firm Investigates Brixmor Property Group Inc. for Potential Securities Law Claims, and Encourages Shareholders to Contact the Law Firm for More Information

March 4, 2016
New York, New York

Tripp Levy PLLC, a law firm representing investors seeking to recover money lost due to investment fraud, is investigating possible securities fraud claims involving Brixmor Property Group Inc. (NYSE: BRX) (“Brixmor”or the “Company”). This investigation relates to recent announcements by Brixmor.

On February 8, 2016, Brixmor announced that “Chief Executive Officer Michael Carroll, President and Chief Financial Officer Michael Pappagallo, and Chief Accounting Officer Steven Splain, along with an accounting employee, have resigned, effective immediately. Mr. Carroll has also stepped down from the Company’s Board of Directors.”

The Company further announced that “[t]hese management changes follow the completion of an Audit Committee review that began after the Company received information in late December 2015 through its established compliance processes. The review led the Board to conclude that specific Company accounting and financial reporting personnel, in certain instances, were smoothing income items, both up and down, between reporting periods in an effort to achieve consistent quarterly same property net operating income (“same property NOI”) growth, an industry non-GAAP financial measure.”

If you have investment losses in Brixmor and would like to discuss your rights regarding this matter, or if you wish to share information about the matter, you may contact us toll free at 1-800-511-7037 or contact us via our website or go to Participate in an Action.

Tripp Levy PLLC represents individual and institutional shareholders in securities matters and has assisted in the recovery of billions of dollars for shareholders in securities actions around the globe.

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Checkpoint Systems, Inc. Alert – Shareholders encouraged to contact law firm

BUYOUT ALERT – National Securities Law Firm Seeks Higher Price for Checkpoint Systems Shareholders in Connection with Proposed Buyout, and Encourages Shareholders to Contact Law Firm for More Information

March 2, 2016
New York, New York

Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the potential sale of Checkpoint Systems, Inc. (NYSE: CKP) (“Checkpoint” or the “Company”) on behalf of its shareholders. Checkpoint announced that it has entered into a definitive agreement to be acquired by an affiliate of CCL Industries Inc. for $10.15 per share in cash.

Our investigation has determined that the offer price of only $10.15 per share, unfairly under-values the true going forward inherent value of Checkpoint and that shareholders may not be receiving the maximum value for their shares. Indeed, at least one analyst projects that the true going forward inherent value of the stock is worth at least $13 per share, and the stock hit a high of $13.58 within the past year. The investigation further seeks to determine whether Checkpoint is entering into this deal for its own self-interests to the detriment of the Company’s shareholders.

If you are a shareholder of Checkpoint and would like additional information as to how the proposed acquisition may affect your rights as a shareholder, and how you may be eligible to obtain a higher price for your shares, please contact us toll free at 1-800-511-7037 or contact us via our website or go to Participate in an Action.

Tripp Levy PLLC represents individual and institutional shareholders in mergers and acquisitions transactions and has assisted in the recovery of billions of dollars for shareholders in securities actions around the globe.

Attorney advertising. Prior results do not indicate a similar outcome.

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