DALLAS,
Jan. 25, 2012 /PRNewswire/ --
Goldfarb Branham LLP is investigating whether the board of
directors of CPI Corporation (NYSE: CPY) violated shareholder
protection laws in connection with its 63% stock plummet on
December 22, 2011. Concerned CPI
investors who purchased before or between April 20, 2010 and December 21, 2011 are encouraged to contact
attorney Hamilton Lindley at 877-583-2855 or
hlindley@goldfarbbranham.com about their rights and remedies.
"A securities class action complaint
was filed against the company that alleges that CPI and certain of
its officers and directors violated the federal securities laws.
According to the complaint, defendants: (1) concealed that the
company was performing worse than acknowledged; (2) the growth
initiatives were not working properly; and (3) that the stock
buy-back was intended to project false confidence in the company,"
said Hamilton Lindley "Our proposed lawsuit will ensure that proper
controls are placed to correct improper behavior and to maximize
the company's profitability for shareholders."
Goldfarb Branham LLP lawyers have
significant experience representing shareholders and whistleblowers
in securities lawsuits nationwide. CPI shareholders – or anyone
with knowledge about this situation – should contact lawyer
Hamilton Lindley at hlindley@goldfarbbranham.com or
877-583-2855.
Hamilton Lindley
Goldfarb Branham LLP
2501 N. Harwood, Ste. 1801
Dallas, TX 75201
(877) 583-2855 Toll Free Telephone
(214) 583-2233 Local Phone Number
(214) 583-2234 Fax Number
hlindley@goldfarbbranham.com
www.goldfarbbranham.com
SOURCE Goldfarb Branham LLP