Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Nam Tai Electronics, Inc.

    Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Nam Tai
                              Electronics, Inc.

PR Newswire

NEW YORK, April 30, 2013

NEW YORK, April 30, 2013 /PRNewswire/ --Bronstein, Gewirtz & Grossman, LLC is
investigating potential claims on behalf of purchasers of the securities of
Nam Tai Electronics, Inc. ("Nam Tai" or the "Company") (NYSE: NTE -News). The
investigation focuses on whether the Company and its executives violated
federal securities laws.

On April 29, 2013, shares of Nam Tai fell $3.58 or 31.6% to close at $7.75
after the company announced that due to a weak consumer market, customer
orders for some of liquid crystal display modules ("LCM") were much lower than
originally anticipated. The company noted that it relies on a very small
number of customersNam Tai also lowered its prices to meet customer needs and
also suspects that other orders could be canceled.In response to these
adverse market conditions, the management has made efforts to minimize
potential losses resulting from cancellation and fluctuation of orders by its
customers and decided to halt capital investment into technology platforms
that cannot produce steady income streams. The Company may also have to halt
its best quality LCM production operations service in both its Shenzhen and
Wuxi manufacturing facilities by the end of June 2013 in order to minimize
further losses and preserve cash. These operations make up the core of the
Company's existing businesses.

If you are aware of any facts relating to this investigation, or purchased
shares of Nam Tai, you can assist this investigation by contacting Peretz
Bronstein of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email
info@bgandg.com. Those who inquire by e-mail are encouraged to include their
mailing address, email and telephone number.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our
primary expertise is the aggressive pursuit of litigation claims on behalf of
our clients. In addition to representing institutions and other investor
plaintiffs in class action security litigation, the firm's expertise includes
general corporate and commercial litigation, as well as securities
arbitration. Attorney advertising. Prior results do not guarantee similar
outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein 212-697-6484
info@bgandg.com

SOURCE Bronstein, Gewirtz & Grossman, LLC

Website: http://www.bgandg.com
 
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