Gainey McKenna & Egleston Announces a Securities Fraud Class Action Lawsuit
Has Been Filed Against Maxwell Technologies, Inc. -- MXWL
NEW YORK, March 22, 2013 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston
announces that a class action lawsuit has been filed in United States District
Court for the Southern District of California on behalf of purchasers of
Maxwell Technologies, Inc. ("Maxwell" or the "Company") (Nasdaq:MXWL)
securities between April 28, 2011 and March 7, 2013, inclusive (the "Class
Period"), seeking remedies under the federal securities laws.
Maxwell develops, manufactures, and markets energy storage and power delivery
products, and microelectronic products worldwide. On March 8, 2013, the
Company disclosed that various financial statements contained in its annual
and quarterly reports from the beginning of 2011 through the present could no
longer be relied on.The errors included improper revenue recognition and
resulted in the termination of multiple employees.On this news, the Company's
stock fell over 12%.
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 Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of
Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at
firstname.lastname@example.org or email@example.com.
Attorney Advertising -- Prior results do not guarantee or predict a similar
outcome with respect to any future matter. Please visit our website at
http://www.gme-law.com for more information about the firm.
CONTACT: Gainey McKenna & Egleston
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