CIBER, Inc. (NYSE:CBR) Investor filed Lawsuit over certain of its Financial Statements
The Shareholders Foundation announces that an investor in NYSE: CBR shares filed a lawsuit in the U.S. District Court for the District of Colorado against CIBER, Inc. over alleged Violations of Federal Securities Laws in connection with certain of its financial statements.
Investors who purchased shares of CIBER, Inc. (NYSE:CBR) have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 – 1554.
According to the complaint filed in the U.S. District Court for the District of Colorado the plaintiff alleges on behalf of all persons who purchased or otherwise acquired the securities of CIBER, Inc. between December 15, 2010 and August 3, 2011, that CIBER, Inc and certain of its officers violated the Securities Exchange Act of 1934 by issuing materially false and misleading statements concerning CIBER’s financial results and business prospects.
On May 3, 2011– CIBER, Inc. (NYSE: CBR), reported results for the first quarter of 2011. Among other things, CIBER, Inc, announced that it expects for 2011 that its Revenue will grow exceeding 4% and an earnings per share (“EPS”) of $0.30. Shares of CIBER, Inc. (NYSE: CBR) rose during May to $6.37 per share and continued to trade above $5 per share most of June and July 2011.
Then on August 3, 2011, CIBER, Inc. (NYSE: CBR) reported results for the second quarter of 2011. Among other things, CIBER, Inc, announced that it is withdrawing its financial guidance for full-year 2011 and its second quarter 2011 revenue increased only by 1% with a second quarter 2011 Net loss of $58.4 million.
Ciber stock NYSE CBR fell from over $5 on August 2 to $2.85 on August 3.
Those who purchased shares of CIBER, Inc. (NYSE:CBR), have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail(at)shareholdersfoundation.com
Issued By: ShareholdersFoundation
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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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