NEW YORK, May 29, 2014 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Eastern District of California on behalf of investors who purchased PowerSecure International, Inc. ("PowerSecure" or the "Company") (NYSE:POWR) common stock between March 10, 2014 and May 7, 2014.
For more information, click here: http://zlk.9nl.com/powersecure-international-powr.
The complaint alleges that throughout the Class Period defendants misrepresented and/or failed to disclose that: (1) the Company was attempting to shift resources within its Utility Infrastructure business from certain lower-profit assignments to higher-profit assignments; (2) this shifting of resources was negatively impacting the Company's operations and utility services performance; (3) the Company was experiencing productivity losses and higher costs within its utility services group, which were negatively impacting the Company's gross margins; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects lacked a reasonable basis, and the Company's stock traded at artificially inflated prices.
If you suffered a loss in PowerSecure you have until July 22, 2014 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/powersecure-international-powr.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (866) 367-6510 www.zlk.comSource:Levi & Korsinsky, LLP