Investor sues SC armored vehicle maker
Class Action News
An investor in an armored vehicle maker has filed a lawsuit claiming several former top executives made millions selling stock while failing to warn shareholders about accounting problems.
The suit against South Carolina-based Force Protection on behalf of shareholder Allan Candelore seeks class-action status. The Post and Courier of Charleston reports the lawsuit claims top company officials did not warn investors about delays in delivering bomb-resistant vehicles to the U.S. military.
Force Protection shares plummeted earlier this month after the company announced it was reshuffling management and told shareholders it had major accounting problems.
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