EQUITY ALERT: The Rosen Law Firm Announces Securities Class Action Against NetSol Technologies, Inc. --- NTWK

NEW YORK, Aug. 5, 2014 (GLOBE NEWSWIRE) -- The Rosen Law Firm announces that a class action has been filed against NetSol Technologies, Inc. (Nasdaq:NTWK) on behalf of purchasers of the Company's securities between November 12, 2009 and November 8, 2013, inclusive. The lawsuit seeks to recover damages for NetSol shareholders under the federal securities laws.

To join the NetSol class action, go to the website at http://rosenlegal.com/cases-206.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.

According to the lawsuit, the Company issued materially false and misleading statements and/or failed to disclose the true prospects and development schedule for the Company's next generation NFS product. The lawsuit claims that when this adverse information entered the market, the price of NetSol's securities dropped, damaging investors.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 23, 2014. If you wish to join the litigation or to discuss your rights or interests regarding this class action, please visit the website at http://rosenlegal.com/cases-206.html or contact, Phillip Kim, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

CONTACT: Laurence Rosen, Esq. Phillip Kim, Esq. Kevin Chan, Esq. The Rosen Law Firm P.A. 275 Madison Avenue 34th Floor New York, New York 10016 Tel: (212) 686-1060 Toll Free: 1-866-767-3653 Fax: (212) 202-3827 lrosen@rosenlegal.com pkim@rosenlegal.com kchan@rosenlegal.com www.rosenlegal.comSource: The Rosen Law Firm PA PC