NEW YORK, July 18, 2014 (GLOBE NEWSWIRE) -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC 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.
Click here to learn about the case: http://docs.wongesq.com/POWR-Info-Request-Form-291. There is no cost or obligation to you.
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 Vincent Wong, Esq. either via email firstname.lastname@example.org, by telephone at 212.425.1140, or visit http://docs.wongesq.com/POWR-Info-Request-Form-291.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Vincent Wong, Esq. 39 East Broadway Suite 304 New York, NY 10002 Tel. 212.425.1140 Fax. 866.699.3880 E-Mail: email@example.comSource:The Law Offices of Vincent Wong