Law Firm of Frank R. Cruz Continues Investigation of CIRCOR International, Inc. (CIR) on Behalf of Investors

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LOS ANGELES–(BUSINESS WIRE)–The Law Firms of Frank R. Cruz is continuing to investigate CIRCOR International, Inc. (“CIRCOR” or the “Company”) (NYSE: RIC) on behalf of investors regarding the Company’s possible violations of federal securities laws.

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On March 14, 2022, CIRCOR announced that it may restate financial results dating back to 2018 due to accounting irregularities related to its pipeline engineering unit. The company said the irregularities appear to be “in the range of $35 million to $45 million in pretax revenue on a cumulative basis over a period of at least five years.”

Following this news, the company’s shares fell 2.4% after hours trading on March 14, 2022.

Then, on April 1, 2022, CIRCOR announced the preliminary impact of “accounting irregularities”, including that the Pipeline Engineering business unit’s “pre-tax income for [the 12-month period ending Q3 2021] $4-5 million should now represent a pre-tax loss of $7-8 million.

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If you have purchased CIRCOR securities, have information or want to know more about these claims, or have any questions regarding this announcement or your rights or interests in these matters, please contact Frank R. Cruz, Law Firms Lawyers for Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067 at 310-914-5007, by email at [email protected], or visit our website at www.frankcruzlaw.com. If requesting by email, please include your mailing address, phone number and number of shares purchased.

This press release may be considered attorney advertising in certain jurisdictions under applicable law and ethics rules.



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