NEW YORK -- (Business Wire)
The Rosen Law Firm, P.A. today announced a class action lawsuit has been
filed on behalf of investors who purchased common stock Maxwell
Technologies, Inc. (NASDAQ: MXWL) from April 28, 2011, to 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 Jonathan Horne, Esq., toll-free, at 866-767-3653; you may also
for information on the class action. The case is pending the U.S.
District Court for the Southern District of New York.
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 registered independent auditor had
resigned the previous day. The auditor stated that because of
information it had uncovered, it could no longer rely on management's or
certain particular 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 firstname.lastname@example.org.
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
The Rosen Law Firm P.A.
Laurence M. Rosen, Esq.
275 Madison Avenue 34th Floor
New York 10016
Toll Free: 1-866-767-3653
Source: The Rosen Law Firm, P.A.
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