IMPORTANT INVESTOR NOTICE: Lundin Law PC Announces Securities Class Action Lawsuit against CPI Card Group, Inc. and Reminds Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / July 29, 2016 / Lundin Law PC (the “Firm”) announces a class action lawsuit has been filed against CPI Card Group, Inc. (“CPI” or the “Company”) (NASDAQ: PMTS). Investors, who purchased or otherwise acquired shares traceable to the Company’s October 8, 2015 initial public offering (“IPO”), should contact the Firm in advance of the August
15, 2016 lead plaintiff motion deadline.

To participate in this class action lawsuit, click here. You can also call Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or e-mail him at brian@lundinlawpc.com.

No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.

The complaint alleges that the Company failed to disclose that it disseminated over 100 million more cards than its largest customers were using in the second and third quarters of 2015. This created a huge backlog which resulted in a substantial reduction of demand for additional cards for the rest of the 2015 fiscal year. This would likely impact CPI’s profitability and thus should have been disclosed in the Registration Statement. When this news was revealed, shares dropped in value causing investors harm.

Lundin Law PC was created by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contact:

Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
brian@lundinlawpc.com
http://lundinlawpc.com/

SOURCE: Lundin Law PC

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