Active Power, Inc. SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Investors
of Class Action Against Active Power, Inc. and Its Board of Directors and Lead
Plaintiff Deadline of November 12, 2013 -- ACPW
NEW YORK, Oct. 30, 2013 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a
class action lawsuit has been commenced on behalf of investors who purchased
Active Power, Inc. ("Active Power" or the "Company") (Nasdaq:ACPW) common
stock between April 30, 2013 and September 5, 2013.
For more information, click here: http://zlk.9nl.com/active-power/.
The complaint alleges that during the class period the Company made materially
false and misleading statements and/or omitted materially adverse facts that
led the stock to trade at artificially inflated prices.
On April 30, 2013, the Company announced that it had entered into a strategic
distribution partnership with Digital China Information Service Limited. On
September 5, 2013, however, after the close of trading, the Company disclosed
that its partnership was with Qiyuan Network System Limited, which is neither
an affiliate nor a subsidiary of Digital China. Additionally, the Company
added that "[w]hile we remain optimistic about our long-term market
opportunity in China, our experience this year in China has been very
disappointing and for now is unpredictable." Upon this news, shares of Active
Power stock declined $0.48 per share, or 13.71%, to close on September 6, 2013
at $3.02 per share.
Shareholders of Active Power have until November 12, 2013 to seek appointment
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 firstname.lastname@example.org or by telephone at
(212) 363-7500, toll-free: (877) 363-5972, or visit
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.
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
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