Investor Alert: Holzer Holzer & Fistel Announces a Class Action Has Been Filed
Against Velti Plc; Investors Encouraged to Inquire About
Their Legal Rights
ATLANTA, GA -- (Marketwired) -- 10/01/13 -- Holzer Holzer & Fistel,
LLC announces that a class action lawsuit has been filed in the
United States District Court for the Northern District of California
on behalf of investors who purchased Velti plc ("Velti" or the
Company) (NASDAQ: VELT) common stock between January 27, 2011 and
August 20, 2013. The complaint alleges that a series of statements
made during that time regarding Velti's business, operations and
prospects were false and misleading. Specifically, the complaint
alleges that Velti failed to adequately disclose that the Company was
having difficulty collecting certain receivables and that certain
receivables were uncollectible. According to the complaint, this
resulted in the Company overstating its revenues and receivables
during the Class Period.
If you purchased Velti common stock between January 27, 2011 and
August 20, 2013 and are interested in serving as the lead plaintiff
in this class action you are encouraged to contact Holzer Holzer &
Fistel, LLC and its attorneys Michael I. Fistel Jr., Esq. or Marshall
P. Dees, Esq. via email at email@example.com, or
firstname.lastname@example.org, or via toll-free telephone at (888) 508-6832. A
lead plaintiff is a representative party that acts on behalf of other
class members in directing the litigation. Any such request must
satisfy certain criteria and be made no later than October 21, 2013.
Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that
dedicates its practice to vigorous representation of shareholders and
investors in litigation nationwide, including shareholder class
action and derivative litigation. More information about the firm is
available through its website, www.holzerlaw.com and upon request
from the firm. Holzer Holzer & Fistel, LLC has paid for the
dissemination of this promotional communication, and Michael I.
Fistel, Jr. is the attorney responsible for its content.
Michael I. Fistel, Jr., Esq.
Marshall P. Dees, Esq.
Holzer Holzer & Fistel, LLC
200 Ashford Center North, Suite 300
Atlanta, GA 30338
(888) 508-6832 (toll-free)
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