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Business, Finance, Occupation & Industry

The Rosen Law Firm Announces Investigation of Securities Claims Against Exide Technologies – XIDE

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By Business Wirevia The Motley Fool

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The Rosen Law Firm Announces Investigation of Securities Claims Against Exide Technologies – XIDE

NEW YORK–(BUSINESS WIRE)– The Rosen Law Firm announces that it is investigating potential securities claims against Exide Technologies (NAS: XIDE) resulting from allegations that Exide failed to disclose that its Los Angeles area facility was improperly emitting arsenic.

Exide operates a recycled lead acid battery smelting facility in Vernon, California. On March 22, 2013, the South Coast Air Quality Management District publicized a health risk assessment showing that Exide had exposed workers and residents living downwind of the Vernon facility to potentially cancerous levels of arsenic. On April 3, 2013, after close of business, an L.A. City Council committee instructed the Los Angeles City Attorney’s office to explore legal action against Exide. The City Attorney was instructed to take action seeking to ensure that Exide addressed the City Council‘s concerns “immediately”. On April 4, 2013, Debtwire reported that Exide had engaged Lazard and Akin Gump Strauss Hauer & Feld LLP to advise on a restructuring.

On April 4, 2013, Exide’s stock price fell from $2.61 to $1.36, where it was halted by a circuit breaker, damaging investors.

The Rosen Law Firm is investigating a securities class action lawsuit on behalf of Exide investors. If you purchased Exide stock before April 4, 2013, please visit the website at http://rosenlegal.com for more information. You may also contact Jonathan Horne, Esq., or Phillip Kim, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at jhorne@rosenlegal.com or pkim@rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Laurence Rosen, Esq.
Phillip Kim, Esq.
Jonathan Horne, Esq.
The Rosen Law Firm P.A.
275 Madison Avenue 34th Floor
New York, New York 10016
Tel: (212) 686-1060
Toll Free: 1-866-767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
jhorne@rosenlegal.com
pkim@rosenlegal.com
www.rosenlegal.com

KEYWORDS:   United States  North America  New York

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The article The Rosen Law Firm Announces Investigation of Securities Claims Against Exide Technologies – XIDE originally appeared on Fool.com.

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

The Rosen Law Firm Announces Securities Class Action to Recover Investors' Losses From Investments i

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By Business Wirevia The Motley Fool

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The Rosen Law Firm Announces Securities Class Action to Recover Investors’ Losses From Investments in Maxwell Technologies, Inc. – MXWL

NEW YORK–(BUSINESS WIRE)– The Rosen Law Firm, P.A. today announced a class action lawsuit has been filed on behalf of investors who purchased common stock Maxwell Technologies, Inc. (NAS: MXWL) from April 28, 2011, to March 7, 2013, seeking remedies under the federal securities laws.

To join the Maxwell class action, visit the firm’s website at http://rosenlegal.com, or call Jonathan Horne, Esq., toll-free, at 866-767-3653; you may also email jhorne@rosenlegal.com for information on the class action. The case is pending the U.S. District Court for the Southern District of New York.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.

On March 7, 2013, Maxwell issued a press release disclosing that it would be restating its previously issued financial statements for fiscal years 2011 and 2012, because those financial statements overstated revenue by approximately $12.0 million in the aggregate. As a result, Maxwell’s Vice President of Sales and Marketing resigned, and its stock price fell by 11%, closing at $8.10 per share on March 8, 2013. On March 19, 2013, Maxwell announced that its registered independent auditor had resigned the previous day. The auditor stated that because of information it had uncovered, it could no longer rely on management’s or certain particular third parties‘ representations.

If you wish to serve as lead plaintiff, you must move the Court no later than May 13, 2013. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Jonathan Horne, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at jhorne@rosenlegal.com. You may also visit the firm’s website at http://www.rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

The Rosen Law Firm P.A.
Laurence M. Rosen, Esq.
Jonathan Horne, …read more
Source: FULL ARTICLE at DailyFinance