INVESTOR ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against CPI Card Group, Inc. and Reminds Investors with Losses to Contact the Firm

IRVINE, CA / ACCESSWIRE / July 26, 2016 / Khang & Khang LLP (the “Firm”) announces that a class action lawsuit was filed against CPI Card Group, Inc. (“CPI” or the “Company”) (NASDAQ: PMTS). Investors, who purchased or otherwise acquired shares on or about the October 8, 2015 initial public offering (“IPO”) date, are encouraged to contact the Firm prior to the August
15, 2016 lead plaintiff motion deadline.

If you purchased shares of CPI on or about the IPO date, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.

There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.

The complaint alleges that the Company failed to disclose that it disseminated over 100 million more cards than its biggest 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 remainder of the 2015 fiscal year. This would likely impact CPI’s profitability and thus should have been disclosed in the Registration Statement. When this information was announced, CPI shares fell in value, causing investors harm.

If you wish to learn more about this lawsuit, or if you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.

This press release may constitute Attorney Advertising in some jurisdictions.

Contacts

Joon M. Khang, Esq.

Telephone: 949-419-3834

Facsimile: 949-225-4474

joon@khanglaw.com

SOURCE: Khang & Khang LLP

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