We are investigating CIRCOR International, Inc. (CIR) (“CIRCOR” or the “Company”) for potential violations of the federal securities laws.
On March 2, 2020, CIRCOR announced that it would delay the filing of its financial report for the quarter and year ended December 31, 2019, citing material weaknesses in its internal control over financial reporting and the need for additional time to evaluate the impact of those weaknesses. CIRCOR also announced an independent investigation into accounting and financial reporting at one of its discontinued operations in order to determine whether there are any matters which could have a material impact on the Company’s financial results. On this news, CIRCOR’s stock price fell sharply during intraday trading on March 3, 2020.