The Shuman Law Firm Investigates Maxwell Technologies, Inc.
BOULDER, Colo. -- August 6, 2013
The Shuman Law Firm announces that it is investigating potential claims
against certain officers and directors of Maxwell Technologies, Inc.
(“Maxwell” or the “Company”) (Nasdaq: MXWL). Maxwell is a California-based
company that develops, manufactures, and markets energy storage and power
delivery products, and microelectronic products worldwide.
The Firm’s investigation relates to the Company’s March 7, 2013, announcement
that the Company would be restating previously issued financial statements for
2011 and most of 2012 due to errors related to the timing of recognition of
revenue from sales to certain distributors. The announcement further disclosed
that the Company’s financial statements should no longer be relied upon. On
this news, Maxwell’s stock price dropped $1.01 per share on March 8, 2013 to
close at $8.10 per share, a one-day decline of 11% on volume of 1.7 million
shares, and a 62% decline from the stock’s recent high.
If you currently own Maxwell common stock and are interested in discussing
your rights as a shareholder, or have information relating to this
investigation, please contact Kip B. Shuman or Rusty E. Glenn toll free at
(866) 974-8626 or email Mr. Shuman at firstname.lastname@example.org or email Mr. Glenn
The Shuman Law Firm represents investors throughout the nation, concentrating
its practice in stockholder litigation.
The Shuman Law Firm
Kip B. Shuman, Esq., 866-974-8626
Rusty E. Glenn, Esq., 866-974-8626
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