INVESTOR NOTICE: Goldberg Law PC Announces Securities Class Action Lawsuit Against CPI Card Group, Inc. and Encourages Investors With Losses to Contact the Firm

LOS ANGELES--(BUSINESS WIRE)-- Goldberg Law PC (www.Goldberglawpc.com) announces that a class action lawsuit has been filed against CPI Card Group, Inc. (“CPI” or the “Company”) (Nasdaq: PMTS). Investors who purchased or otherwise acquired shares traceable to the Company’s October 8, 2015 initial public offering (“IPO”) are encouraged to contact the firm in advance of the August 15, 2016 lead plaintiff motion deadline.

If you are a shareholder who suffered a loss during the Class Period, click here to participate. In addition, we advise you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at [email protected].

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.

According to the complaint, the Company failed to disclose that it disseminated over 100 million more cards than its biggest customers were using in the second and third quarters of 2015. This created a huge backlog which resulted in a substantial reduction of demand for additional cards for the remainder of the 2015 fiscal year. This would likely impact CPI’s profitability and thus should have been disclosed in the Registration Statement. When the truth was revealed, shares dropped causing investors harm.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160701005929/en/

Goldberg Law PC, Los Angeles
Michael Goldberg, Esq., 800-977-7401
Brian Schall, Esq., 800-977-7401
[email protected]

Source: Goldberg Law PC

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