IMPORTANT CPI CARD GROUP SHAREHOLDER ALERT: Wolf Haldenstein Adler Freeman & Herz LLP Reminds Investors that a Class Action Lawsuit has been Commenced on Behalf of Shareholders of CPI Card Group, Inc.

UPCOMING Lead Plaintiff Deadline is AUGUST 15, 2016

NEW YORK, NY / ACCESSWIRE / June 23, 2016 / Wolf
Haldenstein Adler Freeman & Herz LLP announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all those individuals or entities who purchased CPI Card Group, Inc. (“CPI” or the “Company”) (NASDAQ: PMTS) common stock traceable to CPI’s October 8, 2015 initial public offering (“IPO”).

Shareholders
who have purchased common stock at any time since the Initial Public Offering
(IPO) on October 8, 2015 are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774.

If you purchased shares of CPI Card Group, Inc. and suffered a loss, you may request that the Court appoint you lead plaintiff of the proposed class no later than August 15, 2016.

The filed complaint focuses on whether the Company and its executives violated federal securities laws by failing to disclose that CPI shipped up to 100 million more cards to its larger issuer customers than they were using in the second quarter and first part of the third quarter of 2015. This resulted in a massive backlog with those customers, which was significantly reducing the demand for additional card shipments in the fourth quarter of 2015 and fiscal 2016.

The Complaint alleges that the events and uncertainties in connection with CPI’s largest customers’ inventory levels was likely to have an impact on CPI’s profitability and, therefore, was required to be disclosed in the Registration Statement, but was not.

CPI’s share price has fallen from its IPO price of $10.00 per share to a closing price of $4.80 per share on June 22, 2016 – a $5.20 or a 52% drop.

Wolf
Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf
Haldenstein Adler Freeman & Herz LLP by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com. You may also follow our firm and learn about new field cases on Twitter and Facebook.

Contact:

Wolf Haldenstein Adler Freeman & Herz LLP
Patrick Donovan, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: gstone@whafh.com, donovan@whafh.com or classmember@whafh.com
Tel: (800) 575-0735 or (212) 545-4774
Attorney Advertising. Prior results do not guarantee or predict a similar outcome.

SOURCE: Wolf Haldenstein Adler Freeman & Herz LLP

ReleaseID: 441586