Glancy Binkow & Goldberg Announces Lead Plaintiff Deadline In The Class Action Lawsuit Against A123 Systems, Inc.

Business Wire

LOS ANGELES--(BUSINESS WIRE)--

Glancy Binkow & Goldberg LLP announces that all purchasers of the securities of A123 Systems, Inc. (“A123” or the “Company”) (OTC MARKETS:AONEQ) between February 28, 2011 and October 16, 2012, inclusive (the “Class Period’) have until November 26, 2013, to file a motion to be appointed as lead plaintiff in the shareholder lawsuit filed in the United States District Court for the Southern District of New York.

A COPY OF THE COMPLAINT IS AVAILABLE FROM THE COURT OR FROM GLANCY BINKOW & GOLDBERG LLP. PLEASE CONTACT US AT (212) 682-5340, TOLL-FREE AT (888) 773-9224, OR AT SHAREHOLDERS@GLANCYLAW.COM TO DISCUSS THIS MATTER. IF YOU INQUIRE BY EMAIL PLEASE INCLUDE YOUR MAILING ADDRESS, TELEPHONE NUMBER AND NUMBER OF SHARES PURCHASED.

A123, which filed for bankruptcy protection in October 2012, developed, manufactured and sold advanced lithium-ion batteries and energy storage systems, including batteries and battery systems for hybrid electric vehicles. A123’s largest customer was Fisker Automotive, Inc. The Complaint alleges that during the Class Period certain officers and directors of the former Company issued materially false and misleading statements concerning A123’s financial performance and prospects. Specifically, defendants failed to disclose that Fisker’s inability to meet production milestones related to a funding agreement with the U.S. Department of Energy threatened Fisker’s ability to pay A123, and that Fisker’s weakening financial position was having an adverse effect on A123’s own financial performance and prospects and its investment in Fisker preferred stock.

To learn more about this action or if you have any questions concerning this Notice or 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, Toll-Free at (888) 773-9224, or contact Gregory Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd Street, Suite 2920, New York, New York 10168, at (212) 682-5340, 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.

Contact:
Glancy Binkow & Goldberg LLP, Los Angeles, CA
Michael Goldberg
(888) 773-9224
or
Glancy Binkow & Goldberg LLP, New York, NY
Gregory Linkh
(212) 682-5340
shareholders@glancylaw.com
www.glancylaw.com

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