Former United States Securities and United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor, LLP announce that the firms are investigating legal claims against the officers and Board of Directors of CIBER, Inc. (“CIBER” or “CBR”) (NYSE: CBR) to determine if potentially misleading public statements issued by CIBER violated federal and state securities laws.
If you are an affected investor and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at email@example.com, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The investigation focuses on whether the directors and officers of CIBER harmed the company and its investors by issuing improper statements that have damaged the company's value and reputation. On August 3, 2011, CIBER issued its second quarter 2011 financial results showing that CIBER was performing well below expectations. The company reported an EPS loss of $0.81 on revenue of $267.8 million, compared to analyst expectations of an Earnings Per Share (“EPS”) profit of $0.07 on $282.5 million. Additionally, CIBER was forced to pay over $58.1 million in unexpected charges stemming in part from the loss of profitability of five North American contracts. As a result, CIBER officials were forced to suspend CIBER's 2011 financial guidance. This resulted in a 39% loss of value in CIBER stock between August 2, 2011 and August 9, 2011.
The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.