INVESTOR ALERT: Rosen Law Firm Reminds Active Power, Inc. Investors of
Important November 11, 2013 Class Action Deadline -- ACPW
NEW YORK, Nov. 6, 2013 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A reminds
purchasers of Active Power, Inc. (Nasdaq:ACPW) securities during the period
from April 30, 2013 to September 5, 2013 inclusive of the important November
11, 2013 class action deadline.
To join the Active Power class action, visit the firm's website at
http://www.rosenlegal.com, or call Phillip Kim, Esq. or Jonathan Horne, Esq.
toll-free, at 866-767-3653; you may also email at email@example.com or
firstname.lastname@example.org for information on the class action. The lawsuit is
pending in the U.S. District Court for the Western District of Texas.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS
CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY
ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY
RETAIN COUNSEL OF YOUR CHOICE.
According to the suit, Active Power issued materially false and misleading
statements about its business.On April 30, 2013, Active Power announced that
it had entered into a "[n]ew strategic distribution partnership agreement with
Digital China Information Service Limited, the largest IT solutions provider
in China." The Company represented that this relationship with Digital China
would allow the Company to increase its revenues and profitability, adding
that "[w]e have already engaged with Digital China on large data center
projects for which we anticipate field product deployment later this year." On
September 5, 2013, after close of trading, the Company retracted its guidance,
citing disappointing results in China. The Company added that the poor results
were attributable to the fact that "the company's previously announced
agreement in China is with Qiyuan Network System Limited, which the company's
management discovered is neither an affiliate nor a subsidiary of Digital
China Information Service Company Limited."According to the Complaint, this
adverse news caused the price of Active Power stock to fall, damaging
If you wish to serve as lead plaintiff, you must move the Court no later than
November 11, 2013. A lead plaintiff is a representative party acting on behalf
of other class members in directing the litigation.If you wish to join the
litigation, or to discuss your rights or interests regarding this class
action, please contact Phillip Kim, Esq. or Jonathan Horne, Esq. of The Rosen
Law Firm, toll-free, at 866-767-3653, or via e-mail at email@example.com or
firstname.lastname@example.org. You may also visit the firm's website at
The Rosen Law Firm represents investors throughout the globe, concentrating
its practice in securities class actions and shareholder derivative
CONTACT: Laurence M. Rosen, Esq.
Phillip Kim, Esq.
Jonathan Horne, Esq.
The Rosen Law Firm P.A.
275 Madison Avenue 34th Floor
New York, New York 10016
Tel: (212) 686-1060
Toll Free: 1-866-767-3653
Fax: (212) 202-3827
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