Ryan & Maniskas, LLP Announces Class Action Lawsuit Against Maxwell Technologies Inc.

     Ryan & Maniskas, LLP Announces Class Action Lawsuit Against Maxwell
                              Technologies Inc.

PR Newswire

WAYNE, Pa., April 5, 2013

WAYNE, Pa., April 5, 2013 /PRNewswire/ -- Ryan & Maniskas, LLP
(www.rmclasslaw.com/cases/mxwl) announces that a class action lawsuit has been
filed in the United States District Court for the Southern District of
California on behalf of a class consisting of all persons or entities who
purchased or otherwise acquired securities of Maxwell Technologies, Inc.
("Maxwell" or the "Company") (NASDAQ: MXWL) between April 28, 2011 and March
7, 2013, inclusive (the "Class Period").

(Logo: http://photos.prnewswire.com/prnh/20121112/MM11729LOGO)

For more information regarding this class action suit, please contact Ryan &
Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by
email at rmaniskas@rmclasslaw.com or visit: www.rmclasslaw.com/cases/mxwl.

Maxwell develops, manufactures and markets energy storage and power delivery
products, and microelectronic products worldwide. The Complaint alleges that
the defendants issued false and/or misleading statements and/or failed to
disclose that: (1) employees of the Company were making certain arrangements
with certain distributors regarding the payment terms for sales to such
distributors with respect to certain transactions; (2) these arrangements had
not been communicated to Maxwell's finance and accounting department; (3) as a
result, these arrangements had not been considered when recording revenue on
shipments to these distributors; (4) a fixed or determinable sales price did
not exist at the time of shipment to these distributors; (5) collection was
not reasonably assured at the time revenue had been recognized for certain
transactions; (6) as a result, the Company was improperly recognizing revenue
related to sales transactions to distributors; (7) as such, the Company's
financial results were not prepared in accordance with Generally Accepted
Accounting Principles ("GAAP"); (8) the Company lacked adequate internal and
financial controls; and (9), as a result of the foregoing, the Company's
statements were materially false and misleading at all relevant times.

On March 7, 2013, Maxwell announced that its previously issued financial
statements contained in its annual report on Form 10-K for the year ended
December 31, 2011, and all unaudited quarterly reports on Form 10-Q in 2011
and 2012, should no longer be relied upon because of errors in those financial
statements. According to the Company, the errors relate to the timing of
recognition of revenue from sales to certain distributors. The Company further
disclosed that "as a result of our investigation, certain employees were
terminated and our Sr. Vice President of Sales and Marketing resigned." On
this news, the Company's shares declined $1.01 per share, or 11%, on March 8,
2013, to close at $8.10 per share.

If you are a member of the class, you may, no later than May 13, 2013, request
that the Court appoint you as lead plaintiff of the class. A lead plaintiff
is a representative party that acts on behalf of other class members in
directing the litigation. In order to be appointed lead plaintiff, the Court
must determine that the class member's claim is typical of the claims of other
class members, and that the class member will adequately represent the class.
Under certain circumstances, one or more class members may together serve as
"lead plaintiff." Your ability to share in any recovery is not, however,
affected by the decision whether or not to serve as a lead plaintiff. You may
retain Ryan & Maniskas, LLP or other counsel of your choice, to serve as your
counsel in this action.

For more information about the case or to participate online, please visit:
www.rmclasslaw.com/cases/mxwl or contact Richard A. Maniskas, Esquire
toll-free at (877) 316-3218, or by e-mail at rmaniskas@rmclasslaw.com. For
more information about class action cases in general or to learn more about
Ryan & Maniskas, LLP, please visit our website: www.rmclasslaw.com.

Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan &
Maniskas, LLP is devoted to protecting the interests of individual and
institutional investors in shareholder actions in state and federal courts

CONTACT: Ryan & Maniskas, LLP
               Richard A. Maniskas, Esquire
               995 Old Eagle School Rd., Suite 311
               Wayne, PA 19087

SOURCE Ryan & Maniskas, LLP

Website: http://www.rmclasslaw.com
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