NEW YORK--(BUSINESS WIRE)--
Milberg LLP reminds investors that the class action lawsuit filed in the U.S. District Court for the Southern District of California on behalf of purchasers of Maxwell Technologies, Inc. (“Maxwell”) (MXWL) common stock between April 28, 2011 and March 7, 2013, inclusive (the “Class Period”) has a lead plaintiff deadline of May 13, 2013.
Milberg LLP has created a website (www.maxwelltechnologieslawsuit.com) that seeks to answer questions about shareholder class actions.
The lawsuits allege Maxwell and certain of its officers and directors violated the Securities Exchange Act of 1934 by issuing false and misleading statements that inflated the stock price.
On March 7, 2013, Maxwell disclosed that it would restate its financial statements for 2011 and most of 2012 due to errors related to the timing of recognition of revenue from sales to certain distributors.
In reaction, 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. The complaints in this action were not filed by Milberg.
If you wish to discuss this matter with us, please contact the following attorney:
Andrei Rado, Esq.
One Pennsylvania Plaza, 49th Fl.
New York, NY 10119-0165
Phone number: 800-320-5081
Milberg LLP has represented individual and institutional investors for over four decades and serves as lead counsel in Courts throughout the United States. Visit the Milberg website (www.milberg.com) for more information about the firm.
Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.
Andrei Rado, Esq., 800-320-5081