NEW YORK, April 26, 2013 (GLOBE NEWSWIRE) -- The Rosen Law Firm reminds investors of the important May 13, 2013 lead plaintiff deadline in the class action lawsuit on behalf of investors who purchased common stock of Maxwell (Nasdaq:MXWL) between April 28, 2011 and March 7, 2013, seeking remedies under the federal securities laws.
To join the Maxwell class action, visit the firm's website at http://rosenlegal.com, or call Phillip Kim, Esq. or Jonathan Horne, Esq. toll-free, at 866-767-3653; you may also email email@example.com or firstname.lastname@example.org 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 CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.
On March 7, 2013, Maxwell issued a press release disclosing that it would be restating its previously issued financial statements for fiscal years 2011 and 2012, because those financial statements overstated revenue by approximately $12.0 million in the aggregate. As a result, Maxwell's Vice President of Sales and Marketing resigned, and its stock price fell by 11%, closing at $8.10 per share on March 8, 2013. On March 19, 2013, Maxwell announced that its independent auditor had resigned the previous day. The auditor stated that it could no longer rely on management's and certain third parties' representations.
If you wish to serve as lead plaintiff, you must move the Court no later than May 13, 2013. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Jonathan Horne, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at email@example.com. You may also visit the firm's website at http://www.rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
CONTACT: Laurence M. Rosen, Esq. Jonathan Horne, 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 firstname.lastname@example.org email@example.com www.rosenlegal.comSource: The Rosen Law Firm PA PC