Investor Alert: Rosen Law Firm Reminds Poseidon Concepts Corp. Shareholders of Important April 24, 2013 Deadline - POOSF
April 10 2013 - 11:17AM
Business Wire
The Rosen Law Firm, P.A. reminds investors of the important
April 24, 2013 lead plaintiff deadline in the class action lawsuit
filed by the firm on behalf of investors who purchased the stock of
Poseidon Concepts Corp. (OTC: POOSF) during the period from May 9,
2012 to February 14, 2013 (the “Class Period”) seeking to recover
damages for violations of the federal securities laws.
To join the Poseidon class action, visit the firm’s website at
http://rosenlegal.com, or call Phillip Kim, Esq. or Kevin Chan,
toll-free, at 866-767-3653; you may also email pkim@rosenlegal.com
or kchan@rosenlegal.com for information on the class action. The
lawsuit filed by the firm is pending in the U.S. District Court for
the Southern District of New York.
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 CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN
AN ABSENT CLASS MEMBER.
The Complaint asserts violations of the federal securities laws
against Poseidon and certain of its officers and directors for
issuing materially false and misleading financial information about
the Company. The Complaint asserts that Poseidon falsely overstated
revenue and earnings by over 200% during the Class Period. The
lawsuit asserts that this adverse information caused shareholders
to lose nearly the entire value of the investment.
If you wish to serve as lead plaintiff, you must move the Court
no later than April 24, 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. of The Rosen Law Firm, toll-free, at
866-767-3653, or via e-mail at pkim@rosenlegal.com. You may also
visit the firm’s website at http://rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
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