CIRCOR International, Inc. (NYSE: CIR)

This investigation is for anyone who acquired securities in CIRCOR International, Inc. (NYSE: CIR) prior to April 1, 2022.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by telling investors that it had controls in place to prevent improper accounting when such was not the case.

On March 14, 2022, CIRCOR 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.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume. Then, on April 1, 2022, CIRCOR announced the preliminary impact of the “accounting irregularities,” including that the previously reported “pre-tax income of the Pipeline Engineering business unit for [the 12-month period ending Q3 2021] in the range of $4 million to $5 million is now expected to be a pre-tax loss in the range of $7 million to $8 million. On this news, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in CIRCOR International, Inc. (NYSE: CIR) prior to April 1, 2022 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.