The Rosen Law Firm Announces Securities Class Action to Recover Investors'
Losses From Investments in Maxwell Technologies, Inc. – MXWL
NEW YORK -- March 22, 2013
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 email email@example.com 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 derivative
The Rosen Law Firm P.A.
Laurence M. Rosen, Esq.
Jonathan Horne, Esq.
275 Madison Avenue 34^th Floor
New York, New York 10016
Toll Free: 1-866-767-3653
Press spacebar to pause and continue. Press esc to stop.