Holzer Holzer & Fistel, LLC Announces That It Has Filed a Class Action Lawsuit on Behalf of Investors in Satcon Technology Co...
August 11 2011 - 2:24PM
Marketwired
Holzer Holzer & Fistel, LLC announces that it has filed a class
action lawsuit in the United States District Court for the District
of Massachusetts on behalf of purchasers of Satcon Technology
Corporation ("Satcon" or the "Company") (NASDAQ: SATC) common stock
who purchased shares between March 4, 2010 and July 5, 2011,
inclusive (the "Class Period"). Specifically, the lawsuit alleges
that, among other things, the Company: (1) knew but failed to
disclose that it was experiencing a decrease in sales of its
inverter systems; (2) knew but failed to disclose that it was not
performing up to internal standards in the European market; and (3)
failed to properly account for its inventory.
If you purchased Satcon common stock during the Class Period,
you have the legal right to petition the Court to be appointed a
"lead plaintiff." 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 September 19, 2011. Any member of the purported class may move
the Court to serve as lead plaintiff through counsel of their
choice, or may choose to do nothing and remain an absent class
member. If you are a Satcon investor and would like to discuss a
potential lead plaintiff appointment, or your rights and interests
with respect to the lawsuit, you may contact Michael I. Fistel,
Jr., Esq., or Marshall P. Dees, Esq. via email at
mfistel@holzerlaw.com, or mdees@holzerlaw.com, or via toll-free
telephone at (888) 508-6832.
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.
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