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Greenfield & Goodman, LLC and Cuneo Gilbert & LaDuca, LLP Announce Shareholder Suit Commenced Against Principal Officers of



Greenfield & Goodman, LLC and Cuneo Gilbert & LaDuca, LLP Announce Shareholder
Suit Commenced Against Principal Officers of STEC, Inc. -- STEC

NEW YORK, Oct. 29, 2012 (GLOBE NEWSWIRE) -- Greenfield & Goodman, LLC and
Cuneo Gilbert & LaDuca, LLP today announced that shareholder litigation has
been commenced in the United States District Court for the Central District of
California by William Sokolowski, a purchaser of the common stock of STEC,
Inc. ("STEC" or the "Company"), who suffered substantial losses following
disclosure of material facts that had been concealed prior to his purchases.
STEC is based in Santa Ana, California.

The Complaint in the Sokolowski action refers to conduct of the principal
shareholders of STEC, Manouchehr and Mehrdad Moshayedi and other officers and
directors of the Company before and during the period June 16, 2009 and
February 23, 2010 (the "Relevant Period"), seeking to recover losses under the
Securities Exchange Act of 1934 (the "Exchange Act") and to obtain other
relief pursuant to relevant California state law derivatively for the benefit
of STEC.

The Complaint charges the Moshayedi brothers and certain of the former
officers and executives of STEC with violations of the Exchange Act, breach of
fiduciary duty and other serious wrongdoing. The Complaint alleges that,
before and throughout the Relevant Period, the defendants made material
misrepresentations and failed to disclose material adverse facts about the
Company's true financial condition, business and prospects.

The Complaint alleges that defendants caused the Company to disseminate
financial statements that were not fairly presented in conformity with
Generally Accepted Accounting Principles and were materially false and
misleading, and failed to make complete and timely disclosures concerning
certain business contracts. It further alleges that Manouchehr, Mehrdad and
Massoud Moshayedi (as well as trusts controlled by them) sold STEC common
stock in a secondary public offering on August 6, 2009 for $267.8 million
and/or during other times for more than $100 million while in possession of
material information not disclosed to the public. The SEC has since sued
Manouchehr Moshayedi.

If you wish to discuss this action or have any questions concerning your
rights or interests or would like to receive the Complaint by e-mail, please
contact plaintiff's counsel, Richard D. Greenfield, Esq. of Greenfield &
Goodman, LLC at 917-495-4446, or via e-mail at whitehatrdg@earthlink.net or
Matthew Miller, Esq. of Cuneo, Gilbert & LaDuca at 202-789-3960, or via e-mail
at mmiller@cuneolaw.com.

Richard D. Greenfield, Esq. of Greenfield & Goodman, LLC has over 35 years of
experience in banking, securities and consumer litigation, having served as
Lead or Co-Lead Counsel for plaintiffs in many shareholder class and
derivative actions. Mr. Greenfield is a former director of a NYSE-listed bank
holding company.

Cuneo Gilbert & LaDuca, a firm with offices in Washington, D.C., New York, Los
Angeles, St. Louis and Alexandria, Va., specializes in the representation of
plaintiffs in consumer, antitrust, civil rights and securities class actions
and is active in major litigations pending in federal and state courts
throughout the United States.

The Cuneo Gilbert & LaDuca, LLP logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=15463

Cuneo Gilbert & LaDuca, LLP Logo
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