Milberg LLP Reminds Shareholders of May 13, 2013 Lead Plaintiff Deadline in
Securities Class Actions Against Maxwell Technologies, Inc. -
NEW YORK -- May 1, 2013
Milberg LLP reminds investors that the class action lawsuit filed in the U.S.
District Court for the Southern District of California on behalf of purchasers
of Maxwell Technologies, Inc. (“Maxwell”) (NASDAQ:MXWL) common stock between
April 28, 2011 and March 7, 2013, inclusive (the “Class Period”) has a lead
plaintiff deadline of May 13, 2013.
Milberg LLP has created a website (www.maxwelltechnologieslawsuit.com) that
seeks to answer questions about shareholder class actions.
The lawsuits allege Maxwell and certain of its officers and directors violated
the Securities Exchange Act of 1934 by issuing false and misleading statements
that inflated the stock price.
On March 7, 2013, Maxwell disclosed that it would restate its financial
statements for 2011 and most of 2012 due to errors related to the timing of
recognition of revenue from sales to certain distributors.
In reaction, Maxwell's share price fell more than 11% to close at $8.10 per
share on March 8, 2013.
On March 20, 2013, shares of Maxwell fell another 20.56% after announcing a
delay in filing its 10-K with the Securities and Exchange Commission.
If you purchased Maxwell shares during the Class Period you may, no later than
May 13, 2013, request that the Court appoint you lead plaintiff. A lead
plaintiff is a class member that directs the litigation. Your share in any
recovery will not be affected by serving as a lead plaintiff. You do not need
to be a lead plaintiff to recover. The complaints in this action were not
filed by Milberg.
If you wish to discuss this matter with us, please contact the following
Andrei Rado, Esq.
One Pennsylvania Plaza, 49th Fl.
New York, NY 10119-0165
Phone number: 800-320-5081
Milberg LLP has represented individual and institutional investors for over
four decades and serves as lead counsel in Courts throughout the United
States. Visit the Milberg website (www.milberg.com) for more information about
Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.
Andrei Rado, Esq., 800-320-5081
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