LOS ANGELES, Jan. 04, 2019 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Motorcar Parts of America, Inc. (“Motorcar Parts of America” or “the Company”) (NASDAQ: MPAA) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Motorcar Parts of America announced on November 9, 2018, that the Company would delay the filing of its second quarter Form 10-Q in order to perform an evaluation of its accounting policies for new contracts. Based on this news, the Company’s shares fell 21% on the next day.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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CONTACT:
The Schall Law Firm
Brian Schall, Esq.
Sherin Mahdavian, Esq.
310-301-3335
Cell: 424-303-1964
info@schallfirm.com