Lawsuit for Investors in (NASDAQ: PSIX) Shares Against Power Solutions International Inc. Announced by Shareholders Foundation

SAN DIEGO, CA / ACCESSWIRE / April 17, 2017 / The Shareholders Foundation, Inc. announces that a lawsuit is pending on behalf of certain purchasers of PSIX shares against Power Solutions International Inc. over alleged Violations of Securities Laws.

Investors who purchased shares of Power Solutions International Inc. PSIX prior to May 25, 2015 and continue to hold any PSIX shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On August 15, 2016, Power Solutions International Inc. PSIX announced that it required additional time to file its Form 10-Q for the quarter ended June 30, 2016, with the Securities and Exchange Commission in order to finalize the financial statements for the quarter. Specifically, Power Solutions International Inc. stated that it has not completed its financial statements "in light of an ongoing review of allegations made by a former employee" concerning "certain transactions involving revenue recognition Shares of Power Solutions International Inc. PSIX declined to as low as $13.00 per share on August 16, 2016."

On August 22, 2016, a lawsuit was filed against Power Solutions International Inc. over alleged securities laws violations. The plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that Power Solutions International Inc. inappropriately recognized revenue for certain transactions, that Power Solutions International Inc. lacked adequate internal controls over financial reporting, and that as a result of the foregoing, that Power Solutions International Inc's public statements were materially false and misleading at all relevant times.

Those who purchased Power Solutions International Inc. PSIX shares should contact the Shareholders Foundation, Inc.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

CONTACT:

Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North, Suite 423
San Diego, CA 92108

SOURCE: Shareholders Foundation, Inc.