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Shareholder Class Action Filed Against Checkpoint Systems, Inc.

Notice is hereby given that a class action lawsuit has been filed on behalf of those who purchased or otherwise acquired shares of Checkpoint Systems, Inc. (NYSE: CKP) (“Checkpoint”) between March 5, 2015, through November 3, 2015, inclusive (the “Class Period”).

Checkpoint investors may receive additional information about the case by clicking the link "Join this Class Action" above.     

According to the complaint, Checkpoint manufactures and markets labeling systems and solutions for a diverse customer base, providing RF source tagging, barcode labeling systems, electronic article surveillance, handheld labeling systems, and retail merchandising systems for applications within the automatic identification industry.

The complaint alleges that throughout the Class Period, the defendants made false and misleading statements and failed to disclose material information, with respect to the accounting for the company’s quarterly income tax provisions.

The Class Period begins on March 5, 2015, when Checkpoint filed with the SEC a Form 10-K providing its financial results for the fourth quarter and year end 2014. The company also filed with the SEC, as an attachment to a Form 8-K, a press release accompanying the March 5, 2015 filing which included a section entitled 2015 Outlook. The press release contained detailed information with regards to anticipated 2015 results and tax impact.

Then, after the markets closed on November 3, 2015, Checkpoint filed a Form 8-K with the SEC, including an Item 4.02(a), Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review, in which it announced that it had discovered errors attributable to the accounting for the quarterly income tax provisions in its recently reported financial results.

Following this news, Checkpoint’s stock fell $1.73 per share, or 22%, between November 3, 2015 and November 4, 2015. The single day drop represented an immediate loss of over $70 million in market capitalization.

If you are a member of the class described above, you may no later than January 11, 2016, move the Court to serve as lead plaintiff of the class, if you so choose.

A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation.  In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class.  Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Any member of the purported class may move the court to serve as a lead plaintiff through counsel of their choice, or may choose to do nothing and remain an inactive class member.

Kessler Topaz Meltzer & Check, LLP has not filed a complaint in this matter. If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP.

CONTACT:  

Kessler Topaz Meltzer & Check, LLP
James Maro, Esq.
Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087

1-888-299-7706 (toll free) or 1-610-667-7706

Please list your purchase and sale transaction(s) in the Checkpoint Systems, Inc. (NYSE: CKP) security that is subject of this action between March 5, 2015, through November 3, 2015:
 

Information Sheet
* Denotes required field
Acquisitions
Date Aquired
Number of Shares Acquired
Acquisition Price Per Share
Sales
Date Sold
Number of Shares Sold
Selling Price Per Share
Did you purchase shares of Checkpoint Systems, Inc. prior to the class period?
Area you a current or former employee of Checkpoint Systems, Inc.?
The submission of this form does not create an attorney-client relationship, nor an obligation on the part of Kessler Topaz or you to file a lead plaintiff motion in this matter. Any information you submit will be maintained as confidential. If Kessler Topaz, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Kessler Topaz will contact you to discuss the matter and whether to establish an attorney client relationship. By signing this form you are authorizing us to contact you regarding this case and/or future cases.
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