Checkpoint Systems Inc. ("Checkpoint" or the Company) is an American provider of loss prevention and merchandise visibility tools for the retail industry.

According to the law firm press release, the lawsuit alleges that throughout the Class Period, Defendants made false and misleading statements and failed to disclose material information with respect to the accounting for its quarterly income tax provisions. On November 3, 2015, Checkpoint announced in an 8-K filing with the SEC that it intended to restate certain financial statements made in its filings for the first two quarters of 2015 and that such previous statements should no longer be relied upon.

As a result of the Company's need to restate its financial results, Checkpoint's shares fell by more than 22% on the day the restatements were made, resulting in a loss in market capitalization of nearly $70 million.

An amended Complaint was filed on April 4, 2016.

This case was voluntarily dismissed on January 26, 2017.