| Company: | Northwest Pipe Company |
| Ticker Symbol: | NWPX |
| Class Period: | Apr-23-08 to Nov-11-09 |
| Date Filed: | Jan-15-10 |
| Lead Plaintiff Deadline: | Mar-16-10 |
| Court: | Western District of Washington |
| Allegations: | |
The complaint, filed in the Western District of Washington, charges Northwest Pipe and certain of its top officials with violations of the federal securities laws. The complaint alleges that the Defendants' failure to recognize revenues in accordance with Generally Accepted Accounting Principles caused the Company to issue false and misleading statements about the business and financial results. These statements resulted in artificially inflated stock prices throughout the relevant period.
On November 11, 2009, Northwest Pipe announced that it would delay filing of its Quarter Report for the quarter ended September 30, 2009, pending the conclusion of an ongoing internal investigation of certain accounting matters. On this news, stock prices dropped 14.73%, closing at $26.74 on the 12th.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
