Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline in the Class Action Lawsuit Against Velti plc Business Wire BENSALEM, Pa. -- September 4, 2013 Law Offices of Howard G. Smith announces that investors of Velti plc (“Velti” or the “Company”) (NASDAQ:VELT) have until October 21, 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 Northern District of California on behalf of a class (the “Class”) comprising all purchasers of Velti securities between January 27, 2011 and August 20, 2013, inclusive (the “Class Period”). Velti engages in the provision of mobile marketing and advertising technology and solutions for brands, advertising agencies, mobile operators and media companies, primarily in Europe, the Americas, Asia and Africa. The Complaint charges Velti and certain of the Company’s executive officers with violations of federal securities laws. Specifically, the Complaint alleges that throughout the Class Period, the defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about Velti's statements and reported financial results, including: (1) that the Company was having difficulties collecting certain receivables; (2) that certain of the Company’s receivables were uncollectible; (3) that, as a result, the Company’s revenues and receivables were overstated during the Class Period; (4) that the Company lacked adequate internal and financial controls; and (5) that, as a result of the foregoing, the Company’s statements and reported financial results were materially false and misleading at all relevant times. If you are a member of the Class described above, you have certain rights and have until October 21, 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 purchased shares prior to the Class Period and wish to 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 firstname.lastname@example.org, or visit our website at http://www.howardsmithlaw.com. Contact: Law Offices of Howard G. Smith Howard G. Smith, Esquire 215-638-4847 or 888-638-4847 email@example.com www.howardsmithlaw.com
Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline in the Class Action Lawsuit Against Velti plc
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