Maxwell Technologies, Inc. Stock Declines Following Announcement that the Company Must Restate Previously Issued Financial

  Maxwell Technologies, Inc. Stock Declines Following Announcement that the
 Company Must Restate Previously Issued Financial Statements: Robbins Arroyo
              LLP Investigates on Behalf of Maxwell Shareholders

PR Newswire

SAN DIEGO, March 18, 2013

SAN DIEGO, March 18, 2013 /PRNewswire/ -- Shareholder rights firm Robbins
Arroyo LLP is investigating whether officers and directors of Maxwell
Technologies, Inc. (NASDAQ: MXWL) breached their fiduciary duties to
shareholders in making materially false and misleading statements regarding
the company's business, operational, and compliance policies.

(Logo: http://photos.prnewswire.com/prnh/20130103/MM36754LOGO)

Robbins Arroyo LLP Investigates Potential Improper Public Statements After
Maxwell Reports It Will Have to Restate Previously Filed Financial Statements
for 2011 and Most of 2012 

After market closed on March 7, 2013, Maxwell issued a press release
announcing that it would be restating previously issued financial statements
for 2011 and most of 2012 due to errors related to the timing of recognition
of revenue from sales to certain distributors, and that thosefinancial
statements should not be relied upon. 

In light of this news, Robbins Arroyo is investigating whether Maxwell's
financial reporting for fiscal years 2011 and 2012 may have been false and
misleading because it disregarded several factors, including that: (i) Maxwell
overstated its revenues and earnings in 2011 and 2012 in violation of
Generally Accepted Accounting Principles; (ii) Maxwell had reported revenues
prior to the time the sales price was fixed and/or collection was reasonably
assured; and (iii) Maxwell's internal accounting controls were deficient and
permitted the premature recognition of revenue, leading to material misstated
financial results. 

Robbins Arroyo LLP highlights that Maxwell shareholders have the option to
pursue a shareholder derivative action through which shareholders aim to hold
insider wrongdoers accountable for their actions, prevent future misconduct,
and bring long-term value back to the company. Concerned shareholders who
would like more information about their rights and potential remedies can
contact attorney Darnell R. Donahue at (800) 350-6003,
DDonahue@robbinsarroyo.com, or via the shareholder information form on the
firm's website.

Robbins Arroyo LLP is a nationally recognized leader in securities litigation
and shareholder rights law. The firm represents individual and institutional
investors in shareholder derivative and securities class action lawsuits, and
has helped its clients realize more than $1 billion of value for themselves
and the companies in which they have invested. For more information, please
go to http://www.robbinsarroyo.com. 

Press release link:
http://www.robbinsarroyo.com/shareholders-rights-blog/maxwell-technologies-inc/

Attorney Advertising.Past results do not guarantee a similar outcome.

Contact:
Darnell R. Donahue
Robbins Arroyo LLP
DDonahue@robbinsarroyo.com
(619) 525-3990 or Toll Free (800) 350-6003
www.robbinsarroyo.com

SOURCE Robbins Arroyo LLP

Website: http://www.robbinsarroyo.com
 
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