Hagens Berman Alerts Investors in Copart, Inc. (CPRT) to the Firm's Investigation of Possible Disclosure Violations
Hagens Berman Alerts Investors in Copart, Inc. (CPRT) to the Firm's Investigation of Possible Disclosure Violations
PR Newswire
SAN FRANCISCO, Oct. 10, 2018
SAN FRANCISCO, Oct. 10, 2018 /PRNewswire/ -- Hagens Berman Sobol Shapiro LLP alerts investors in Copart, Inc. (NASDAQ: CPRT) to the Firm's investigation of possible disclosure violations. If you purchased or otherwise acquired Copart securities between May 1, 2018 and September 27, 2018 and suffered losses contact Hagens Berman Sobol Shapiro LLP. For more information visit:
https://www.hbsslaw.com/cases/CPRT
or contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing
On September 19, 2018, Copart and management reported disappointing Q4 2018 results and blamed the results in part on abnormal costs of $79.9 million incurred as a result of Hurricane Harvey.
This news drove the price of Copart shares down $8.59, or over 13%, to close at $55.58 that day.
"We're focused on investors' losses, whether the Harvey-related costs were incurred in prior quarters, whether these and other statements misled investors, and the timing of certain insider sales," said Hagens Berman partner Reed Kathrein.
Whistleblowers: Persons with non-public information regarding Copart should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email [email protected].
About Hagens Berman
Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with 80+ attorneys in 10 offices across the country. The Firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes can be found at www.hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.
Contact:
Reed Kathrein, 510-725-3000
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