Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline in the Class Action Lawsuit Against Maxwell Technologies, Inc.

  Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline in the
  Class Action Lawsuit Against Maxwell Technologies, Inc.

Business Wire

BENSALEM, Pa. -- March 26, 2013

Law Offices of Howard G. Smith announces that investors of Maxwell
Technologies, Inc. (“Maxwell” or the “Company”) (NASDAQ:MXWL) have until May
13, 2013 to move the Court to serve as lead plaintiff in the securities fraud
class action lawsuit filed in the United States District Court for the
Southern District of California on behalf of a class (the “Class”) comprising
all purchasers of Maxwell common stock between April 28, 2011 and March 7,
2013, inclusive (the “Class Period”). Maxwell develops, manufactures, and
markets energy storage and power delivery products, and microelectronic
products worldwide.

The Complaint alleges that throughout the Class Period, defendants made
materially false and misleading statements, and omitted materially adverse
facts, about the Company’s business, operations and prospects. Specifically,
the Complaint alleges that: (a) Maxwell had overstated its revenues and
earnings in 2011 and 2012 in violation of Generally Accepted Accounting
Principles (“GAAP”); (b) Maxwell had reported revenues prior to the time the
sales price was fixed and/or collection was reasonably assured; and (c)
Maxwell’s internal accounting controls were deficient and permitted the
premature recognition of revenue, leading to materially misstated financial
results. As a result of defendants’ false and misleading statements, the
Company’s stock traded at artificially inflated prices during the Class
Period.

If you are a member of the Class described above, you have certain rights, and
have until May 13, 2013 to move for lead plaintiff status. To be a member of
the Class you need not take any action at this time, or may retain counsel of
your choice. If you wish to discuss this action or learn more concerning your
rights or interests with respect to these matters, please contact Howard G.
Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite
112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our
website at http://www.howardsmithlaw.com.

Contact:

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
 
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