IRVINE, CA / ACCESSWIRE / June 22, 2016 / Khang & Khang LLP (the "Firm") announces that a class action lawsuit has been filed against CPI Card Group Inc. ("CPI" or the "Company") (PMTS). Investors who purchased or otherwise acquired shares traceable to the Company's October 8, 2015, initial public offering ("IPO"), are encouraged to contact the Firm prior to the lead plaintiff motion deadline.

If you purchased shares of CPI during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by email at joon@khanglaw.com.

There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.

According to the complaint, the Company failed to disclose that CPI disseminated more than 100 million more cards than its biggest customers were using in the second and third quarters of 2015. This created a huge backlog which resulted in a substantial reduction of demand for additional cards for the remainder of the 2015 fiscal year. When the truth was revealed, shares dropped causing investors harm.

If you wish to learn more about this lawsuit, or if you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by email at joon@khanglaw.com.

This press release may constitute Attorney Advertising in some jurisdictions.

Contact:

KHANG & KHANG LLP
Joon M. Khang, Esq.
Telephone: 949-419-3834
Facsimile: 949-225-4474
joon@khanglaw.com

SOURCE: Khang & Khang LLP