Investor Alert: Holzer Holzer & Fistel, LLC Filed a Class Action Against SemiLEDs Corporation; Investors With Significant Losses Encouraged to Inquire About Lead Plaintiff Position

Marketwired

ATLANTA, GA--(Marketwired - Jul 29, 2013) - Holzer Holzer & Fistel, LLC announces that it has filed a class action lawsuit on behalf of investors who purchased SemiLEDs Corp. ("SemiLEDs" or the "Company") (NASDAQ: LEDS) common stock between December 9, 2010 and July 12, 2011. The complaint, which was filed in United States District Court for the Southern District of New York, alleges that a series of statements made during that time regarding SemiLEDs business, operations and prospects were false and misleading. Specifically, the complaint alleges, among other things, that SemiLEDs misrepresented and failed to adequately disclose: (a) that the Company was experiencing known, but undisclosed, pricing pressures for its products which were reasonably likely to result in a material adverse effect on SemiLEDs' future revenues and operating income; (b) that the Company failed to disclose known events or uncertainties, including the reduction in demand for its products, the loss of a large customer, the decline in the value of its inventory that had or were reasonably likely to cause SemiLED's financial information not to be indicative of future operating results; and (c) that the Company had filed a false and misleading Registration Statement and Forms 10-Q with the SEC.

If you purchased SemiLEDs common stock between December 9, 2010 and July 12, 2011 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 no later than September 9, 2013. 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 a LEDS 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.

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