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Friday, April 19, 2024 | Back issues
Courthouse News Service Courthouse News Service

Shareholder Derivative

A Power Solutions International shareholder claims in a derivative federal lawsuit that the company’s board of directors overstated revenue and filed false financial statements, causing an $841 million loss in market capitalization when the truth was revealed.

CHICAGO – A Power Solutions International shareholder claims in a derivative federal lawsuit that the company’s board of directors overstated revenue and filed false financial statements, causing an $841 million loss in market capitalization when the truth was revealed.

Categories / Business, Financial

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