Faruqi & Faruqi, LLP Announces Investigation of SatCon Technology Corp.
July 26 2011 - 10:29AM
Business Wire
Faruqi & Faruqi, LLP, a national law firm concentrating on
investor rights, consumer rights and enforcement of federal
antitrust laws, is investigating potential wrongdoing at SatCon
Technology Corp. (“SatCon” or the “Company”) (NASDAQ: SATC). Faruqi
& Faruqi, LLP seeks to determine whether SatCon violated
federal securities laws in connection with statements made to the
Company’s shareholders.
Request more information now by clicking here:
www.faruqilaw.com/SATC
The investigation focuses on whether certain individuals
violated federal securities laws by, among other things, failing to
disclose: (1) that the Company was experiencing decreased sales of
its inverter systems; (2) that the Company’s European market was
performing below internal expectations due to changes in government
incentives for solar energy; (3) that the Company failed to
properly account for its inventory; and (4) as a result of the
forgoing, defendants lacked a reasonable basis for their positive
statements about the Company and its prospects.
Take Action
If you purchased SatCon securities between March 4, 2010 and
July 5, 2011, and you would like to discuss your legal rights,
visit www.faruqilaw.com/SATC. You can also contact us by calling
Anthony Vozzolo toll free at 877-247-4292 or at 212-983-9330 or by
sending an e-mail to avozzolo@faruqilaw.com. Faruqi & Faruqi,
LLP also encourages anyone with information regarding SatCon’s
conduct during the period in question to contact the firm,
including whistleblowers, former employees, shareholders and
others.
About Faruqi & Faruqi, LLP
Faruqi & Faruqi, LLP is a national law firm, representing
investors, consumers and companies in the prosecution of claims
under state corporate and consumer laws and the federal securities
and antitrust laws. The firm is focused on providing exemplary
legal services in complex litigation. Founded in 1995, the firm
maintains its principal office in New York City, with offices in
Delaware, California, Florida and Pennsylvania. The lawyers at
Faruqi & Faruqi, LLP have demonstrated a clear commitment to
championing the rights of shareholders and consumers
nationwide.
Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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