STEC INC
SymbolSTEC

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Investor Alert: KSF Files Securities Class Action Against STEC, Inc. and Urges Shareholders With Losses in Excess of $300,000 to Inquire About Lead Plaintiff Status -- STEC

2009-11-09 11:10 ET - News Release

NEW ORLEANS, Nov. 9, 2009 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC ("KSF") has filed a class action lawsuit against STEC, Inc. ("STEC" or the "Company") (Nasdaq:STEC) in the United States District Court for the Central District of California, on behalf of purchasers of the common stock of the Company between June 16, 2009 and November 3, 2009, inclusive (the "Class Period"). No class has yet been certified in this action.

If you would like to discuss your legal rights, along with the lead plaintiff position and its related responsibilities including overseeing lead counsel with a goal of obtaining a fair settlement, you may e-mail or call KSF Managing Partner Lewis Kahn, without obligation or cost to you, toll free 1-866-467-1400, ext. 100, via cell phone after hours at 504-301-7900, or by email at lewis.kahn@ksfcounsel.com.

STEC and certain of its officers and directors, and the Company's underwriters -- collectively, "Defendants" -- are charged with including, or allowing the inclusion of, materially false and misleading statements in the Registration Statement and Prospectus issued in connection with its August 6, 2009 Secondary Offering, in violation of the Securities Act of 1933. Additionally, Defendants are charged with making a series of materially false and misleading statements related to the Company's business and operations in violation of the Securities Exchange Act of 1934.

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