This lawsuit is for investors who purchased the common stock of Northwest Pipe Company (NASDAQ: NWPX) between April 23, 2008 and November 11, 2009.
The lawsuit alleges that the Company and certain of its executives violated federal laws. Specifically, lawsuit alleges that throughout the time period mentioned above the Company and certain of its executives made materially false and misleading statements concerning, among other things, the Company's revenues.
On November 12, 2009, the Company announced that it delayed the filing of its Quarterly Report for the quarter ended September 30, 2009, “pending the conclusion of an ongoing internal investigation of certain accounting matters, including certain revenue recognition practices, being conducted by the Audit Committee of the Board of Directors.” According to the statement, the Company “plans to file its Quarterly Report on Form 10 Q for the quarter ended September 30, 2009, and publish final third quarter results as soon as practicable after the completion of the Audit Committee's investigation and the completion of the additional accounting work, if any, required as a result of the Audit Committee's investigation.” As a result of this news, shares of Northwest Pipe declined approximately 14%, to close on November 12, 2009, at $26.74 per share on unusually heavy trading volume.
The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you purchased common stock in Northwest Pipe Company (NASDAQ: NWPX) between April 23, 2008 and November 11, 2009 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.
Case Summary
Join the Class Action
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I, the Plaintiff, certify that:
1. I have reviewed the Complaint and authorized its filing.
2. Plaintiff did not purchase the security that is the subject of this
action, at the direction of plaintiff's counsel or in order to
participate in any private action arising under this title.
3. I am willing to serve as a representative party on behalf of a class
and will testify at deposition and trial, if necessary.
4. My transactions in the securities, which are the subject of this
action, during the Class Period set forth in the Complaint are as
5. I have not served as a representative party on behalf of a class
under the federal security laws during the last three years, except
if detailed below.
6. I will not accept any payment for serving as a representative party,
except to receive my pro rata share of any recovery or as ordered
or approved by the court including the award to a representative
plaintiff of reasonable costs and expenses (including lost wages)
directly relating to the representation of the class.
Terms:
correct statements.
agreement and retain the Law Offices of Howard G. Smith and its associates to proceed on Plaintiff's behalf, on a contingent fee basis. If I am executing this agreement on behalf of an institution, I further certify that I am authorized to execute this agreement on behalf of the institution.
