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Levi & Korsinsky announces it has commenced an investigation of Motorcar Parts of America, Inc. (“Motorcar Parts” or “the Company”) (NASDAQGS: MPAA) concerning possible violations of federal securities laws.
On November 9, 2018, Motorcar Parts announced that filing would be delayed for its fiscal second quarter Form 10-Q while it evaluates its accounting policies for new business contracts. On this news, Motorcar Part’s share price fell by more than 20% to close at $17.20 per share on November 9, 2018.