Velti plc SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Class Action
Against Velti Plc and Its Board of Directors and a Lead Plaintiff Deadline
of October 21, 2013 -- VELT
NEW YORK -- October 18, 2013
Levi & Korsinsky announces that a class action lawsuit has been commenced in
the United States District Court for the Northern District of California on
behalf of investors who purchased Velti Plc (“Velti” or the “Company”)
(NasdaqGS:VELT) stock between January 27, 2011 and August 20, 2013.
For more information, click here: http://zlk.9nl.com/velti-velt.
The complaint alleges that during the Class Period, defendants failed to
disclose and/or misrepresented the following: a) the Company was having
difficulty collecting certain receivables; b) certain of the Company’s
receivables were uncollectible and, as a result, the Company’s revenues and
receivables were overstated; c) the Company lacked adequate internal and
financial controls; and d) as a result of the aforementioned, the Company’s
statements and reported financial results were materially false and misleading
at all relevant times.
If you suffered a loss in Velti you have until October 21, 2013 to request
that the Court appoint you as lead plaintiff. Your ability to share in any
recovery doesn’t require that you serve as a lead plaintiff. To obtain
additional information, contact Joseph E. Levi, Esq. either via email at
email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or
Levi & Korsinsky is a national firm with offices in New York, New Jersey,
Connecticut, and Washington D.C. The firm has extensive expertise in
prosecuting securities litigation involving financial fraud, representing
investors throughout the nation in securities and shareholder lawsuits.
Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
Toll Free: 877-363-5972
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