Holzer Holzer & Fistel, LLC Announces That a Shareholder Class Action Has Been Filed Against Emcore Corporation (NASDAQ: EMKR)

• Press Release
• Source: Holzer Holzer & Fistel, LLC
• On 2:50 pm EST, Wednesday January 7, 2009

ATLANTA, GA--(MARKET WIRE)--Jan 7, 2009 -- A shareholder class action lawsuit has been filed in the United States District Court for the District of New Mexico against Emcore Corporation ("Emcore" or the "Company") (NasdaqGM:EMKR - News) and certain of its officers and directors on behalf of purchasers of Emcore common stock who purchased or sold between June 12, 2007 and March 17, 2008, inclusive (the "Class Period").

Related Quotes

Symbol	Price	Change
EMKR	0.95	+0.04

{"s" : "emkr","k" : "c10,l10,p20,t10","o" : "","j" : ""}

The lawsuit alleges the Company violated the Securities Exchange Act of 1934 by making false and misleading statements to the public in its press releases and in its Securities Exchange Commission filings. Specifically, the lawsuit alleges Emcore misrepresented or failed to disclose certain problems with production capacity and its SunCube prototype. The lawsuit further alleges the Company violated GAAP provisions when accounting for the value of the Company's claimed order backlog.

If you are a purchaser of Emcore common stock during the Class Period, you have the legal right to petition the Court to be appointed a "lead plaintiff." A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. Any such request must satisfy certain criteria and be made within 60 days from December 24, 2008. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. If you are an Emcore investor and would like to discuss a potential lead plaintiff appointment, or your rights and interests with respect to the lawsuit, you may contact Michael I. Fistel, Jr., Esq., or Marshall P. Dees, Esq. via email at mfistel@holzerlaw.com, or mdees@holzerlaw.com, or via toll-free telephone at (888) 508-6832.

Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content.