The law firm of Kirby McInerney LLP is investigating potential claims against Motorcar Parts of America Inc. (Motorcar Parts or the Company) (NASDAQ: MPAA). This investigation concerns whether Motorcar Parts has violated federal securities laws and/or engaged in other unlawful business practices.
On November 9, 2018, the Company announced that it was delaying the filing of its fiscal second quarter Form 10-Q while it evaluates its accounting policies for new business contracts.
On this news, Motorcar Parts shares fell $4.58, or 21%, to close at $17.20 on November 9, 2018.
If you acquired Motorcar Parts securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at [email protected], or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs law firm concentrating in securities, antitrust, and whistleblower litigation. The firms efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLPs website: www.kmllp.com.
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