Tag Archives: Class Period

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SHAREHOLDER ALERT: Levi & Korsinsky Notifies Investors with Losses on Their Investment in Family Dol

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SHAREHOLDER ALERT: Levi & Korsinsky Notifies Investors with Losses on Their Investment in Family Dollar Stores, Inc. of Class Action Lawsuit and the Deadline of April 22, 2013 to Seek a Lead Plaintiff Position

NEW YORK–(BUSINESS WIRE)– Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Western District of North Carolina on behalf of investors who purchased Family Dollar Stores, Inc. (“Family Dollar” or the “Company”) (NYS: FDO) stock between October 3, 2012 and January 2, 2013.

For more information, click here:http://zlk.9nl.com/family-dollar-fdo/.

The complaint alleges that during the Class Period, defendants issued materially false and misleading statements regarding Family Dollar‘s then-present sales demand, profitability and financial results for the first quarter of 2013 and for December 2012. As a result of defendants’ false statements, Family Dollar‘s stock traded at artificially inflated prices throughout the Class Period, reaching a high of $71.20 per share by November 30, 2012. It is further alleged that during this time Family Dollar‘s senior executives cashed in, selling their own Family Dollar stock at artificially inflated prices; during the Class Period the Company’s Chief Executive Officer sold more than $15.6 million worth of his Family Dollar stock.

On January 3, 2013, Family Dollar issued a press release disclosing that sales in the Company’s first quarter 2013 had significantly underperformed and that the Company was slashing 2013 financial guidance. Upon this news, Family Dollar stock fell $8.30 per share to close at $55.74 on January 3, 2012.

If you suffered a loss in Family Dollar you have until April 22, 2013to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (877) 363-5972, or visit http://zlk.9nl.com/family-dollar-fdo/.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street – 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com

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Source: FULL ARTICLE at DailyFinance

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Lieff Cabraser Reminds Great Lakes Dredge &amp; Dock Corporation Investors of Upcoming Deadline in Class

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Lieff Cabraser Reminds Great Lakes Dredge & Dock Corporation Investors of Upcoming Deadline in Class Action Lawsuits

SAN FRANCISCO–(BUSINESS WIRE)– Lieff Cabraser Heimann & Bernstein, LLP reminds investors of the May 20, 2013 deadline to move for appointment as lead plaintiff in the securities class litigation brought on behalf of purchasers of the securities of Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) (NAS: GLDD) between August 7, 2012 and March 14, 2013, inclusive (the “Class Period“).

If you purchased Great Lakes securities during the Class Period, you may move the Court for appointment as lead plaintiff by no later than May 5, 2013. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. Your share of any recovery in the action will not be affected by your decision of whether to seek appointment as lead plaintiff. You may retain Lieff Cabraser, or other attorneys, as your counsel in the action.

Great Lakes shareholders who wish to learn more about the actions and how to seek appointment as lead plaintiff should click here or contact Brendan P. Glackin of Lieff Cabraser toll-free at (800) 541-7358.

Located in Oak Brook, Illinois, Great Lakes is the largest provider of dredging services in the United States and a major provider of commercial and industrial demolition and remediation services.

On March 14, 2013, the Company disclosed it had recognized revenue in 2012 in a manner not consistent with its accounting policy. It further revealed “a failure of internal controls to detect or prevent misstatements in [its] financial statements,” which was “material to [its] results of operations for the quarterly and year-to-date periods ended June 30, 2012 and September 30, 2012.” The Company disclosed a “material weakness” in its disclosure controls, described as a deficiency (or series of deficiencies) in internal controls over financial reporting such that there is a reasonable possibility that a material misstatement of Great Lakes‘ annual or interim financial statements will not be prevented or detected on a timely basis. The Company further revealed that “2012 second and third quarter demolition segment revenues were overstated by $3.9 million and $4.3 million, respectively.”

On that same day, Great Lakes‘ President and Chief Operating Officer, Bruce J. Biemeck, departed the Company. Biemeck previously served in 2012 as CFO to the Company.

Following these revelations, Great Lakes‘ share price plummeted, losing approximately 20% of its value and resulting in approximately $100 million in investor losses.

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Source: FULL ARTICLE at DailyFinance

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Law Offices of Todd M. Garber Announces Lead Plaintiff Deadline in the Class Action Lawsuit Against

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Law Offices of Todd M. Garber Announces Lead Plaintiff Deadline in the Class Action Lawsuit Against ITT Educational Services, Inc.

LOS ANGELES–(BUSINESS WIRE)– The Law Offices of Todd M. Garber announces that shareholders of ITT Educational Services, Inc. (“ITT” or the “Company”) (NYS: ESI) have until May 10, 2013 to move for lead plaintiff status in the shareholder lawsuit filed in the United States District Court for the Southern District of New York. The lawsuit was filed on behalf of a class (the “Class”) comprising all purchasers of ITT common stock between April 22, 2010 and February 25, 2013, inclusive (the “Class Period“).

ITT provides postsecondary degree programs in the United States. The Complaint alleges that during the Class Period the Company and certain of its officers and directors violated federal securities laws by issuing false and misleading statements. On February 22, 2013 ITT announced that the Securities and Exchange Commission was investigating the Company’s involvement in certain private student-loan agreements. According to ITT, the Company had received a subpoena from the SEC on February 8, 2013, along with a letter informing the Company of the investigation. The subpoena issued by the SEC requested documents related to a 2009 loan risk sharing agreement and ITT‘s PEAKS Private Student Loan Program. As a result of this news, ITT stock declined $3.10 per share, or nearly 17%, to close on February 25, 2013 at $15.53 per share on unusually heavy volume.

If you are a member of the above-described Class, you may move the Court no later than May 10, 2013 to serve as lead plaintiff; however, you must meet certain legal requirements. To be a member of the Class you need not take any action at this time. You may retain counsel of your choice or take no action and remain an absent Class member. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Todd M. Garber, Esquire, of the Law Offices of Todd M. Garber, by telephone at 213-700-7262 or by email to info@toddgarberlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Law Offices of Todd M. Garber
Todd M. Garber, Attorney at Law
Los Angeles, …read more

Source: FULL ARTICLE at DailyFinance

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Glancy Binkow &amp; Goldberg LLP Announces Class Action Lawsuit Against Incyte Corporation

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Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit Against Incyte Corporation

LOS ANGELES–(BUSINESS WIRE)– Glancy Binkow & Goldberg LLP announces that a class action lawsuit has been filed in the United States District Court for the District of Delaware on behalf of a class (the “Class”) comprising all purchasers of the common stock of Incyte Corporation (“Incyte” or the “Company”) (NAS: INCY) between April 26, 2012 and August 1, 2012 (the “Class Period“). The Complaint alleges that certain statements issued by Incyte during the Class Period were false and misleading regarding the Company’s business and financial prospects.

Incyte, a biopharmaceutical company, focuses on the discovery, development and commercialization of proprietary small molecule drugs for oncology and treatment of inflammation. The Complaint alleges that Incyte issued misleading statements concerning demand for the Company’s myelofibrosis drug, Jakafi.

On August 2, 2012, Incyte announced the Company’s second quarter 2012 financial results and disclosed that the sales growth of Jakafi had been much softer during the second quarter of 2012 than investors and certain stock analysts had been led to expect. In response to these disclosures, the price of Incyte stock declined 22% from its August 1, 2012 close of $24.92 per share, to close at $19.57 per share on August 2, 2012 on heavy trading volume.

No class has yet been certified in this action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased Incyte shares during the Class Period, you have certain rights and have until May 6, 2013 to move for lead plaintiff status. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you wish to learn more or have any questions concerning your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, by telephone at (310) 201-9150, Toll Free at (888) 773-9224, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Glancy Binkow & Goldberg LLP, Los Angeles, CA
Michael Goldberg, 310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com

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Source: FULL ARTICLE at DailyFinance

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Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline in the Class Action Lawsuit Against

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Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline in the Class Action Lawsuit Against Harvest Natural Resources Inc.

BENSALEM, Pa.–(BUSINESS WIRE)– Law Offices of Howard G. Smith announces that investors of Harvest Natural Resources, Inc. (“Harvest” or the “Company”) (NYS: HNR) have until May 21, 2013 to move the Court to serve as lead plaintiff in the securities fraud class action lawsuit filed in the United States District Court for the Southern District of Texas on behalf of a class (the “Class”) comprising all purchasers of Harvest securities between May 7, 2010 and March 18, 2013, inclusive (the “Class Period“). Harvest, an independent energy company, engages in the acquisition, exploration, development, production and disposition of oil and natural gas properties.

The Complaint alleges that throughout the Class Period defendants made false and/or misleading statements or failed to disclose material adverse facts about the Company’s financial performance and prospects. Specifically, defendants misrepresented or failed to disclose that: (1) the Company incorrectly capitalized certain lease maintenance costs and certain internal selling, general and administrative costs; (2) the Company improperly presented certain cash flow items and caused certain long-lived assets to be impaired; (3) the Company was unable to sell its interests in Petrodelta S.A. to PT Pertamina (Persero); (4) the Company lacked adequate internal and financial controls; and (5) as a result of the foregoing, the Company’s statements were materially false and misleading at all relevant times.

If you are a member of the Class described above, you have certain rights and have until May 21, 2013 to move for lead plaintiff status. To be a member of the class you need not take any action at this time, or may retain counsel of your choice. If you wish to discuss this action or learn more concerning your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

KEYWORDS:   United States  North America  Pennsylvania

INDUSTRY KEYWORDS:

The article Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline in the Class Action Lawsuit Against Harvest Natural Resources Inc. originally appeared on Fool.com.

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Source: FULL ARTICLE at DailyFinance

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DEADLINE ALERT: Rigrodsky &amp; Long, P.A. Reminds Shareholders of Family Dollar Stores, Inc. of Upcomin

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DEADLINE ALERT: Rigrodsky & Long, P.A. Reminds Shareholders of Family Dollar Stores, Inc. of Upcoming Deadline

WILMINGTON, Del.–(BUSINESS WIRE)– Rigrodsky & Long, P.A.:

  • Do you, or did you, own shares in Family Dollar Stores, Inc. (NYSE: FDO )?
  • Did you purchase your shares prior to October 3, 2012, or between October 3, 2012 and January 2, 2013?
  • Did you lose money in your investment in Family Dollar Stores, Inc.?
  • Do you want to discuss your rights?

Rigrodsky & Long, P.A. reminders shareholders of Family Dollar Stores, Inc. (NYSE: FDO) (“Family Dollar” or the “Company”) of an upcoming deadline involving a securities fraud class action lawsuit commenced against the Company.

A complaint was filed in the United States District Court for the Western District of North Carolina on behalf of all persons or entities that purchased the common stock of Family Dollar between October 3, 2012 and January 2, 2013 (the “Class Period“), alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the “Complaint”). If you wish to serve as lead plaintiff, you must move the Court no later than April 22, 2013.

If you purchased shares of Family Dollar during the Class Period, or purchased shares prior to the Class Period and still hold Family Dollar, and wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Timothy J. MacFall, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, NY at (888) 969-4242, by e-mail to info@rigrodskylong.com, or at: http://www.rigrodskylong.com/investigations/family-dollar-stores-inc-fdo-2.

A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the …read more

Source: FULL ARTICLE at DailyFinance

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Navistar Shareholder Dispute: Briscoe Law Firm and Powers Taylor, LLP Announce Investigation of Poss

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Navistar Shareholder Dispute: Briscoe Law Firm and Powers Taylor, LLP Announce Investigation of Possible Breaches of Fiduciary Duty

DALLAS–(BUSINESS WIRE)– Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor, LLP announce that a federal class action complaint was recently filed against Navistar International Corporation (“Navistar” or “Company”) (NYS: NAV) and certain of its officers and directors for potential securities violations between November 3, 2010 and August 1, 2012 (the “Class Period“).

Based upon these allegations, the firms are investigating potential legal claims against the officers and Board of Directors of Navistar International Corporation. If you are an affected investor and you want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com, or Zachary Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at zach@powerstaylor.com. There is no cost or fee to you.

In the class action complaint, Navistar and certain of its officers and directors were charged with violating provisions of the Securities Exchange Act of 1934. Notably, the complaint alleges that defendants made numerous misrepresentations, including that (a) Navistar would be forced to revise its plan to meet the EPA guidelines in truck manufacturing, which would create an immense cost to the Company; (b) Navistar did not meet the 2010 EPA standards for their engines; (c) the Company’s disclosures in their SEC filings were incomplete and misleading, including statements about the costs of recalls and details of various debts. According to the complaint, when the truth came out regarding the Company’s true financial condition and future prospects, the Navistar share price fell over 69% from its Class Period high.

“Based upon the recent revelations about alleged improper business practices and procedures regarding key aspects of Navistar’s business, our firms are investigating possible breaches of fiduciary duties and other violations of state law by Navistar’s officers and directors.” said shareholder rights attorney Willie Briscoe.

The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder …read more

Source: FULL ARTICLE at DailyFinance

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Wolf Haldenstein Adler Freeman &amp; Herz LLP Commences Class Action Lawsuit on Behalf of Harvest Natura

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Wolf Haldenstein Adler Freeman & Herz LLP Commences Class Action Lawsuit on Behalf of Harvest Natural Resources, Inc. Investors

NEW YORK–(BUSINESS WIRE)– Wolf Haldenstein Adler Freeman & Herz LLP announces that a class action lawsuit has been filed in the United States District Court, Southern District of Texas, on behalf of all persons who purchased the common stock of Harvest Natural Resources, Inc. (“HNR” or the “Company”) [NYSE: HNR] between May 7, 2010 and March 19, 2013, inclusive (the “Class Period“), against the Company and certain of the Company’s officers, alleging securities fraud pursuant to Sections 10(b) and 20(a) of the Exchange Act [15 U.S.C. §§ 78j(b) and 78t(a)] and Rule 10b-5 promulgated thereunder by the SEC [17 C.F.R. § 240.10b-5] (the “Class”).

The case name is styled Kim v. Harvest Natural Resources, et al. A copy of the complaint filed in this action is available from the Court, or can be viewed on the Wolf Haldenstein Adler Freeman & Herz LLP website at www.whafh.com.

During the Class Period, HNR issued materially false and misleading statements and omitted to state material facts that rendered their affirmative statements misleading as they related to the Company’s financial performance, business prospects, and financial condition. As a result of these materially false and misleading statements, the price of the Company’s securities was artificially inflated during the Class Period. As the truth of the Company’s materially false and misleading statements entered the market, the Company’s stock plummeted.

The Complaint alleges that statements made by defendants are false and misleading because defendants failed to disclose that: (1) the Company incorrectly capitalized certain lease maintenance costs and certain internal selling, general and administrative costs; (2) the Company improperly presented certain cash flow items and caused certain long-lived assets to be impaired; (3) the Company was unable to sell its interests in Petrodelta S.A. to PT Pertamina (Persero); (4) the Company lacked adequate internal and financial controls; and (5) as a result of the foregoing, the Company’s statements were materially false and misleading at all relevant times.

As a result of the market‘s assimilation of the news disclosed in the Company’s March 19, 2013 press release, the Company’s shares declined $1.79 per share or more than 32%, to close at $3.70 per share.

In ignorance of the false and misleading nature of the statements described in the Complaint, and the deceptive and manipulative devices and contrivances employed by said defendants, plaintiff and the other members of the Class relied, to their …read more

Source: FULL ARTICLE at DailyFinance

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Milberg LLP Announces Pendency of Class Action Lawsuits Against Maxwell Technologies, Inc. – www.max

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Milberg LLP Announces Pendency of Class Action Lawsuits Against Maxwell Technologies, Inc. – www.maxwelltechnologieslawsuit.com

NEW YORK–(BUSINESS WIRE)– Milberg LLP announces that class action lawsuits have been filed in the United States District Court for the Southern District of California on behalf of purchasers of Maxwell Technologies, Inc. (“Maxwell”) (NAS: MXWL) common stock between April 28, 2011 and March 7, 2013, inclusive (the “Class Period“).

Milberg LLP has created a website (www.maxwelltechnologieslawsuit.com) that seeks to answer questions about shareholder class actions.

The lawsuit alleges Maxwell and certain of its officers and directors violated the Securities Exchange Act of 1934. The complaint claims Maxwell issued materially false and misleading statements which led to an inflated stock price during the Class Period.

On March 7, 2013, Maxwell issued a press release disclosing that it will need to restate previously issued financial statements for 2011 and most of 2012 due to errors related to the timing of recognition of revenue from sales to certain distributors.

On this news, Maxwell’s share price fell more than 11% to close at $8.10 per share on March 8, 2013.

On March 20, 2013, shares of Maxwell fell another 20.56% after announcing a delay in filing its 10-K with the Securities and Exchange Commission.

If you purchased Maxwell shares during the Class Period you may, no later than May 13, 2013, request that the Court appoint you lead plaintiff. A lead plaintiff is a class member that directs the litigation. Your share in any recovery will not be affected by serving as a lead plaintiff. You do not need to be a lead plaintiff to recover. You may retain Milberg LLP, or other attorneys, for this action, but do not need to retain counsel to recover. If this action is certified as a class action, class members will be automatically represented by Court-appointed counsel. The complaints in this action were not filed by Milberg.

If you wish to discuss this matter with us, please contact the following attorney:

…read more
Source: FULL ARTICLE at DailyFinance
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Kirby McInerney LLP Announces It Has Been Retained by an Investor for a Class Action Lawsuit on Beha

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Kirby McInerney LLP Announces It Has Been Retained by an Investor for a Class Action Lawsuit on Behalf of Mellanox Technologies, Ltd. Investors

NEW YORK–(BUSINESS WIRE)– Kirby McInerney LLP announced today that it has been retained by an investor in Mellanox Technologies, Ltd. (“Mellanox” or the “Company”) (NAS: MLNX) to pursue class action claims under the federal securities laws on behalf of all persons or entities who purchased the common stock of Mellanox between April 19, 2012 and January 2, 2013 (the “Class Period“).

Complaints filed in the United States District Court for the Southern District of New York allege that Mellanox and certain of its current and former executives issued materially false and misleading statements during the Class Period regarding the Company’s future prospects and financial performance. According to the complaint, the defendants knew, but concealed from the investing public during the Class Period, that: (1) Mellanox was experiencing a continuous influx of customer complaints regarding glitches in its InfiniBand product; (2) a competitor’s rapid development of its own InfiniBand adaptor would diminish Mellanox’s product offering and increase competition in the market for InfiniBand, in which Mellanox had maintained a near monopoly; (3) the Company’s large first and second quarter 2012 sales growth could not be maintained and was not the result of the defendants’ business acumen or growth in the market for InfiniBand; (4) Mellanox’s inventory, both at the Company and in the hands of at least one significant customer, was increasing dramatically, and the increase would result in decreased sales and profit margins going forward; and (5) as a result of the above factors, Mellanox’s actual sales growth supported neither its own fourth quarter 2012 guidance nor the inflated share price targets analysts and investors were modeling based on defendants’ optimistic statements and guidance during the Class Period.

The complaints allege that the market learned, through a series of partial disclosures made between September 7, 2012 and January 3, 2013, that the foundation for the Company’s business was not as solid as defendants had portrayed it during the Class Period. On September 7, 2012, at least one analyst downgraded Mellanox shares from Buy to Hold. Then, on October 18, 2012, Mellanox reported its third quarter 2012 financial results and issued fourth quarter 2012 fiscal guidance that was lower than expected. Finally, at the end of the day on January 2, 2013, the defendants finally admitted that Mellanox had missed its fourth quarter 2012 revenue guidance by over 20%. This news, along with the above announcements, made the price of Mellanox shares fall precipitously on unusually high trading volume.

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Source: FULL ARTICLE at DailyFinance

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Investor Alert: Hagens Berman Notifies Star Scientific, Inc. Investors of Class Action and May 24th

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Investor Alert: Hagens Berman Notifies Star Scientific, Inc. Investors of Class Action and May 24 th Lead Plaintiff Deadline

BERKELEY, Calif.–(BUSINESS WIRE)– Hagens Berman Sobol Shapiro LLP, a national investor-rights law firm, is notifying investors in Star Scientific, Inc. (NAS: STSI) (“STSI” or “the Company”) of the filing of a securities class-action lawsuit seeking to recover losses. Investors who have suffered losses may contact the firm by emailing STSI@hbsslaw.com.

If you purchased shares of STSI common stock between Oct. 31, 2011, and March 18, 2013, inclusive (the “Class Period“), suffered significant losses and wish to be a lead plaintiff in the pending class action, you may contact Hagens Berman Partner Reed Kathrein, who is leading the firm’s investigation, by calling 510-725-3000. You can also contact Mr. Kathrein by submitting information at http://www.hb-securities.com/investigations/STSI.

Investors who wish to serve as lead plaintiff in the case must move the court no later than May 24, 2013. Any investor during the Class Period may file to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

On Jan. 23, 2013, The Street published an article suggesting that STSI‘s claim that John Hopkins University was involved in clinical testing of the company’s nutritional supplement anatabine was false. On March 18, 2013, STSI disclosed that it received subpoenas in January and February of 2013 from the U.S. attorney’s office and was conducting its own internal investigation into possible issues in the trading of its securities as far back as 2006.

Hagens Berman‘s investigation centers around whether STSI was aware of possible issues, failed to disclose those issues as required by the securities laws, and thus issued materially false or misleading statements to investors during the class period.

Hagens Berman reminds whistleblowers with inside information that rewards may be available to individuals who report information leading to a successful enforcement action by the Securities and Exchange Commission. Under the new SEC whistleblower program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.

About Hagens Berman

Hagens Berman Sobol Shapiro, LLP is an investor-rights class-action law firm with offices in 10 cities. The Firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the law firm and its successes can be found at www.hbsslaw.com. The Firm’s …read more
Source: FULL ARTICLE at DailyFinance

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Investor Alert: Hagens Berman Notifies Avid Technology, Inc. Investors of Class Action and May 24, 2

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Investor Alert: Hagens Berman Notifies Avid Technology, Inc. Investors of Class Action and May 24, 2013 Lead Plaintiff Deadline

BERKELEY, Calif.–(BUSINESS WIRE)– Hagens Berman Sobol Shapiro LLP, a national investor-rights law firm, is notifying investors in Avid Technology, Inc. (NAS: AVID) (“AVID” or “the Company”) of the filing of a securities class-action lawsuit seeking to recover losses. Investors who have suffered losses may contact the firm by emailing AVID@hbsslaw.com.

If you purchased shares of AVID common stock between April 22, 2011, and Feb. 22, 2013, inclusive (the “Class Period“), suffered significant losses and wish to be a lead plaintiff in the pending class action, you may contact Hagens Berman Partner Reed Kathrein, who is leading the firm’s investigation, by calling (510) 725-3000. You can also contact Mr. Kathrein by submitting information at http://www.hb-securities.com/investigations/AVID.

Investors who wish to serve as lead plaintiff in the case must move the court no later than May 24, 2013. Any investor during the Class Period may file to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

On Feb. 25, 2013, AVID announced a postponement of its fourth quarter financial results. On the news, the company’s stock price fell nearly 9 percent.

On March 21, 2013, the company announced that it received a letter on March 19, 2013, from the NASDAQ Listing Qualifications Department. The letter, according to the company, noted that it is no longer in compliance with NASDAQ rules because of its failure to submit financial results to the Securities and Exchange Commission. The next day, AVID‘s stock price continued to decline, closing at a price of approximately $6.56, down from a close of approximately $6.82 before the company announced receipt of NASDAQ‘s letter. The stock closed at a price of $6.40 on March 27, 2013.

Hagens Berman‘s investigation centers around AVID and its senior executives’ possible knowledge of issues in its financial statements.

Hagens Berman reminds whistleblowers with inside information that rewards may be available to individuals who report information leading to a successful enforcement action by the Securities and Exchange Commission. Under the new SEC whistleblower program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.

About Hagens Berman

Hagens Berman …read more
Source: FULL ARTICLE at DailyFinance

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DEADLINE ALERT: Rigrodsky &amp; Long, P.A. Reminds Shareholders of Mellanox Technologies, Ltd. of Upcomi

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DEADLINE ALERT: Rigrodsky & Long, P.A. Reminds Shareholders of Mellanox Technologies, Ltd. of Upcoming Deadline

WILMINGTON, Del.–(BUSINESS WIRE)– Rigrodsky & Long, P.A.:

  • Do you, or did you, own shares in Mellanox Technologies, Ltd. (NASDAQ GS: MLNX )?
  • Did you purchase your shares prior to April 19, 2012, or between April 19, 2012 and January 2, 2013, inclusive?
  • Did you lose money in your investment in Mellanox Technologies, Ltd.?
  • Do you want to discuss your rights?

Rigrodsky & Long, P.A. reminds shareholders of Mellanox Technologies, Ltd. (“Mellanox” or the “Company”) (NASDAQ GS: MLNX) of an upcoming deadline involving a securities fraud class action lawsuit commenced against the Company.

A complaint was filed in the United States District Court for the Southern District of New York on behalf of all persons or entities that purchased the common stock of Mellanox between April 19, 2012 and January 2, 2013, inclusive (the “Class Period“), alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the “Complaint”). If you wish to serve as lead plaintiff, you must move the Court no later than April 8, 2013.

If you purchased shares of Mellanox during the Class Period, or purchased shares prior to the Class Period and still hold Mellanox, and wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Timothy J. MacFall, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, NY at (888) 969-4242, by e-mail to info@rigrodskylong.com, or at: http://www.rigrodskylong.com/investigations/mellanox-technologies-ltd-mlnx.

A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that …read more
Source: FULL ARTICLE at DailyFinance

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Glancy Binkow &amp; Goldberg LLP Announces Class Action Lawsuit against Harvest Natural Resources Inc.

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Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit against Harvest Natural Resources Inc.

LOS ANGELES–(BUSINESS WIRE)– Glancy Binkow & Goldberg LLP announces that a class action lawsuit has been filed in the United States District Court for the Southern District of Texas on behalf of a class (the “Class”) comprising all purchasers of the securities of Harvest Natural Resources Inc. (“Harvest” or the “Company”) (NYS: HNR) between May 7, 2010 and March 18, 2013.

Harvest, an independent energy company, engages in the acquisition, exploration, development, production and disposition of oil and natural gas properties. The Complaint alleges that throughout the Class Period defendants made false and/or misleading statements or failed to disclose material adverse facts about the Company’s financial performance and prospects. Specifically, defendants misrepresented or failed to disclose that: (1) the Company incorrectly capitalized certain lease maintenance costs and certain internal selling, general and administrative costs; (2) the Company improperly presented certain cash flow items and caused certain long-lived assets to be impaired; (3) the Company was unable to sell its interests in Petrodelta S.A. to PT Pertamina (Persero); (4) the Company lacked adequate internal and financial controls; and (5) as a result of the foregoing, the Company’s statements were materially false and misleading at all relevant times.

No class has yet been certified in this action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased Harvest securities during the Class Period, you have certain rights, and have until May 21, 2013 to move for lead plaintiff status. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you wish to discuss this action or have any questions concerning your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, by telephone at (310) 201-9150, Toll Free at (888) 773-9224, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Glancy Binkow & Goldberg LLP
Michael Goldberg
(310) 201-9150 or (888) 773-9224
shareholders@glancylaw.com
www.glancylaw.com

KEYWORDS:   United States  North America  California

INDUSTRY KEYWORDS:

The article Glancy Binkow & Goldberg …read more
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UPCOMING DEADLINE: Levi &amp; Korsinsky Notifies Investors with Losses on Their Investment in Cirrus Log

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UPCOMING DEADLINE: Levi & Korsinsky Notifies Investors with Losses on Their Investment in Cirrus Logic, Inc. of Class Action Lawsuit and the Deadline of April 5, 2013 to Seek a Lead Plaintiff Position

NEW YORK–(BUSINESS WIRE)– Levi & Korsinsky announces that a class action lawsuit has commenced in the United States District Court for the Southern District of New York on behalf of investors who acquired Cirrus Logic, Inc. (“Cirrus” or “the Company”) (NAS: CRUS) stock between July 31, 2012 and October 31, 2012.

For more information, click here: http://zlk.9nl.com/cirrus-logic-crus/.

The complaint alleges that during the Class Period, defendants issued materially false and misleading statements regarding the Company’s financial performance and prospects. In particular, it is alleged that defendants knew but concealed the following during the Class Period: (a) that the Company’s dependence on Apple, Inc. for revenues was increasing rather than diminishing; (b) Cirrus’s sales growth was falling rather than increasing; (c) difficulties in Cirrus’s supply chain and at its vendors were increasing costs and diminishing the Company’s profit margins; (d) the launch of several models of Cirrus’s new LED lighting had been delayed; and (e) as a result of the aforementioned, defendants knew Cirrus’s increased fiscal 2013 guidance was not attainable.

On October 31, 2012, Cirrus issued significantly lower guidance than was expected for fiscal 2013. In response to the Company’s announcement, Cirrus stock fell from a close of $40.78 per share to $36.14 a share on November 1, 2012.

If you suffered a loss in Cirrus you have until April 5, 2013to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (877) 363-5972, or visit http://zlk.9nl.com/cirrus-logic-crus/.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

Levi & Korsinsky, LLP
Joseph Levi, Esq.
Tel: 212-363-7500
Toll Free: 877-363-5972
Fax: 866-367-6510
www.zlk.com

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:

…read more
Source: FULL ARTICLE at DailyFinance

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CORRECTING and REPLACING Abraham, Fruchter &amp; Twersky, LLP Announces That a Class Action Lawsuit Has

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CORRECTING and REPLACING Abraham, Fruchter & Twersky, LLP Announces That a Class Action Lawsuit Has Been Filed against Spectrum Pharmaceuticals, Inc.

NEW YORK–(BUSINESS WIRE)– Fourth graph, first sentence of release should read: If you purchased the common stock of Spectrum from August 8, 2012 through March 12, 2013 (the “Class”) and you wish to serve as lead plaintiff in this action, you must move the Court no later than May 13, 2013. (sted May 16, 2013).

The corrected release reads:

ABRAHAM, FRUCHTER & TWERSKY, LLP ANNOUNCES THAT A CLASS ACTION LAWSUIT HAS BEEN FILED AGAINST SPECTRUM PHARMACEUTICALS, INC.

Abraham, Fruchter & Twersky, LLP announces that a securities class action lawsuit has been filed in the United States District Court for the District of Nevada on behalf of all persons or entities who purchased the common stock of Spectrum Pharmaceuticals, Inc. (“Spectrum” or the “Company”) (NAS: SPPI) from August 8, 2012 through March 12, 2013, inclusive (the “Class Period“). The complaint alleges violations of Section 10(b) of the Securities and Exchange Act of 1934 and Rule 10b-5, promulgated thereunder, against the Company and certain of its officers and directors.

The complaint alleges that throughout the Class Period, defendants made false and misleading statements to the investing public by dismissing concerns that sales of FUSILEV® (an oncology drug manufactured by Spectrum) would be adversely affected by increased supplies of leucovorin (a generic and competing drug of FUSILEV) and concealing the impact that the increased availability of leucovorin would have on FUSILEV sales. The complaint alleges that the defendants knew that when the availability of leucovorin increased, Spectrum would not be able to sustain its business outlook and revenue projections.

After the market closed on March 12, 2013, Spectrum surprised the market by reporting in a press release that sales of FUSILEV would be dropping significantly due to “a change in ordering patterns of FUSILEV.” The Company also decreased their full-year 2013 revenues forecast to a range of $160 to $180 million, significantly lower than analysts’ revenue expectations of $297.33 million. In a reaction to this news, shares of Spectrum common stock fell $4.64 per share, or 37%, on extremely high trading volume of 22.5 million shares.

If you purchased the common stock of Spectrum from August 8, 2012 through March 12, 2013 (the “Class”) and you wish to serve as lead plaintiff in this action, you must move the Court no later than …read more
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Abraham, Fruchter &amp; Twersky, LLP Announces That a Class Action Lawsuit Has Been Filed against Spectr

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Abraham, Fruchter & Twersky, LLP Announces That a Class Action Lawsuit Has Been Filed against Spectrum Pharmaceuticals, Inc.

NEW YORK–(BUSINESS WIRE)– Abraham, Fruchter & Twersky, LLP announces that a securities class action lawsuit has been filed in the United States District Court for the District of Nevada on behalf of all persons or entities who purchased the common stock of Spectrum Pharmaceuticals, Inc. (“Spectrum” or the “Company”) (NAS: SPPI) from August 8, 2012 through March 12, 2013, inclusive (the “Class Period“). The complaint alleges violations of Section 10(b) of the Securities and Exchange Act of 1934 and Rule 10b-5, promulgated thereunder, against the Company and certain of its officers and directors.

The complaint alleges that throughout the Class Period, defendants made false and misleading statements to the investing public by dismissing concerns that sales of FUSILEV® (an oncology drug manufactured by Spectrum) would be adversely affected by increased supplies of leucovorin (a generic and competing drug of FUSILEV) and concealing the impact that the increased availability of leucovorin would have on FUSILEV sales. The complaint alleges that the defendants knew that when the availability of leucovorin increased, Spectrum would not be able to sustain its business outlook and revenue projections.

After the market closed on March 12, 2013, Spectrum surprised the market by reporting in a press release that sales of FUSILEV would be dropping significantly due to “a change in ordering patterns of FUSILEV.” The Company also decreased their full-year 2013 revenues forecast to a range of $160 to $180 million, significantly lower than analysts’ revenue expectations of $297.33 million. In a reaction to this news, shares of Spectrum common stock fell $4.64 per share, or 37%, on extremely high trading volume of 22.5 million shares.

If you purchased the common stock of Spectrum from August 8, 2012 through March 12, 2013 (the “Class”) and you wish to serve as lead plaintiff in this action, you must move the Court no later than May 16, 2013. Any member of the proposed class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain a member of the proposed class.

If you would like to discuss this action or if you have any questions concerning this notice or your rights as a potential class member or lead plaintiff, you may contact: Arthur J. Chen of Abraham, Fruchter & Twersky, LLP toll free at (800) 440-8986, or via e-mail at info@aftlaw.com or achen@aftlaw.com.

Abraham, Fruchter & Twersky, LLP has extensive experience in securities class action cases, and …read more
Source: FULL ARTICLE at DailyFinance

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Rigrodsky &amp; Long, P.A. Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against Navi

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Rigrodsky & Long, P.A. Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against Navistar International Corporation

WILMINGTON, Del.–(BUSINESS WIRE)– Rigrodsky & Long, P.A.:

  • Do you, or did you, own shares of Navistar International Corporation (NYSE: NAV )?
  • Did you purchase your shares before November 3, 2010, or between November 3, 2010 and August 1, 2012, inclusive?
  • Did you lose money in your investment in Navistar International Corporation?
  • Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that a complaint has been filed in the United States District Court for the Northern District of Illinois on behalf of all persons or entities that purchased the common stock of Navistar International Corporation (“Navistar” or the “Company”) (NYSE: NAV) between November 3, 2010 and August 1, 2012, inclusive (the “Class Period“), alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the “Complaint”).

If you purchased shares of Navistar during the Class Period, or purchased shares prior to the Class Period and still hold Navistar, and wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Timothy J. MacFall, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, NY at (888) 969-4242, by e-mail to info@rigrodskylong.com, or at: http://www.rigrodskylong.com/investigations/navistar-international-corporation-nav.

Navistar is an international manufacturer of International® brand commercial and military trucks, IC Bus™ brand buses, MaxxForce® brand diesel engines, and recreational vehicles (“RV“) under the Monaco® RV family of brands, as well as a provider of service parts for all makes of trucks and trailers. The Complaint alleges that throughout the Class Period, defendants made materially false and misleading statements, and omitted materially adverse facts, about the Company’s business, operations and prospects. Specifically, the Complaint alleges that the defendants concealed from the investing public that: (a) Navistar’s attempted methods to …read more
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DEADLINE ALERT: Rigrodsky &amp; Long, P.A. Reminds Shareholders of Cirrus Logic, Inc. of Upcoming Deadli

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DEADLINE ALERT: Rigrodsky & Long, P.A. Reminds Shareholders of Cirrus Logic, Inc. of Upcoming Deadline

WILMINGTON, Del.–(BUSINESS WIRE)– Rigrodsky & Long, P.A.:

  • Do you, or did you, own shares of Cirrus Logic, Inc. (NASDAQ GS: CRUS )?
  • Did you purchase your shares before July 31, 2012, or between July 31, 2012 and October 31, 2012?
  • Did you lose money in your investment in Cirrus Logic, Inc.?
  • Do you want to discuss your rights?

Rigrodsky & Long, P.A. reminds shareholders of Cirrus Logic, Inc. (NASDAQ GS: CRUS) (“Cirrus” or the “Company”) of an upcoming deadline involving a securities fraud class action lawsuit commenced against the Company.

A complaint was filed in the United States District Court for the Southern District of New York on behalf of all persons or entities that purchased the common stock of Cirrus between July 31, 2012 and October 31, 2012 (the “Class Period“), alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the “Complaint”). If you wish to serve as lead plaintiff, you must move the Court no later than April 5, 2013.

If you purchased shares of Cirrus during the Class Period, or purchased shares prior to the Class Period and still hold Cirrus, and wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Timothy J. MacFall, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, NY at (888) 969-4242, by e-mail to info@rigrodskylong.com, or at: http://www.rigrodskylong.com/investigations/cirrus-logic-inc-crus.

A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. …read more
Source: FULL ARTICLE at DailyFinance

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Lieff Cabraser Announces Class Action Lawsuit Against Tangoe, Inc.

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Lieff Cabraser Announces Class Action Lawsuit Against Tangoe, Inc.

SAN FRANCISCO–(BUSINESS WIRE)– The law firm of Lieff Cabraser Heimann & Bernstein, LLP announces that class action litigation has been brought on behalf of all persons who purchased the securities of Tangoe, Inc. (“Tangoe” or the “Company”) (NYS: TNGO) between December 20, 2011 and September 5, 2012, inclusive (the “Class Period“).

If you purchased or otherwise acquired Tangoe securities during the Class Period, you may move the Court for appointment as lead plaintiff by no later than April 30, 2013. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. Your share of any recovery in the action will not be affected by your decision of whether to seek appointment as lead plaintiff. You may retain Lieff Cabraser, or other attorneys, as your counsel in the action.

Tangoe, Inc. investors who wish to learn more about the action and how to seek appointment as lead plaintiff should click here or contact Douglas I. Cuthbertson of Lieff Cabraser toll-free at 1 (800) 541-7358.

Background on the Tangoe, Inc. Securities Class Litigation

This action is brought on behalf of all purchasers of the securities of Tangoe, Inc. (“Tangoe” or the “Company”) during the Class Period.

Tangoe develops and markets computer software that helps companies manage and control their fixed and mobile communications assets and costs.

The Complaint alleges that throughout the Class Period, Defendants conducted a scheme to inflate their share price through a series of acquisitions, and made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company was overstating organic growth by underreporting the percentage of revenue derived from recent acquisitions; (ii) the Company was not growing customers organically as its deferred implementation fees failed to grow; and (iii) as a result of the above, the Company’s financial statements were materially false and misleading at all relevant times.

On August 28, 2012, thestreetsweeper.org published a report that described the Company as possessing a “risky acquisition-driven growth strategy.” Upon this news, Tangoe shares declined $3.39 per share, or almost 17%, to close at $16.70 per share on August 28, 2012.

On September 6, 2012, Copperfield Research published a report which concluded that the Company had …read more
Source: FULL ARTICLE at DailyFinance