CPI Corp. Investor Lawsuit announced by Shareholders Foundation

Jan. 24, 2012 - PRLog -- The Shareholders Foundation announces that an investor in NYSE CPY shares filed a lawsuit in the U.S. District Court for the Eastern District of Missouri against CPI Corp. over alleged Violations of Federal Securities Laws by issuing allegedly materially false and misleading financial statements.

If you purchased shares of CPI Corp.  between April 20, 2010 and December 21, 2011, you have certain options and there are strict and short deadlines running. Deadline: March 13, 2012. NYSE CPY stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint the plaintiff alleges on behalf of purchasers of CPI Corp.  common stock during the period between April 20, 2010 and December 21, 2011, that CPI Corporation and certain of its officers and directors violated the Securities Exchange Act of 1934 by allegedly issuing materially false and misleading statements regarding CPI Corp’s business and financial results.

Specifically the plaintiff alleges that the defendants represented that CPI Corp’s initiatives to grow the business were working, that it was well positioned for growth and that its stock was a "good investment" when it was trading at $22 per share.

For more information go to www.ShareholdersFoundation.com or contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, 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. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. 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.