Maxwell Technologies Notification of SEC and DOJ Investigations: Kahn Swick & Foti, LLC, Reminds Investors with Losses in Excess of $200,000 of Securities Fraud Class Action and Lead Plaintiff Deadline - Maxwell Technologies, Inc.
NEW ORLEANS--(BUSINESS WIRE)-- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with losses in excess of $200,000 that they have only until May 13, 2013 to file lead plaintiff applications in a securities class action lawsuit against Maxwell Technologies, Inc. (Nasdaq: MXWL ) . Losses must be related to shares of the Company’s common stock purchased during the period between April 28, 2011 and March 7, 2013, inclusive. This action is pending in the United States District Court for the Southern District of California.
On April 30, 2013, Maxwell Technologies disclosed that both the U.S. Department of Justice and the U.S. Securities and Exchange Commission are investigating the Company after its March 7, 2013 announcement that the Company would restate its financial results for 2011 and 2012, due to errors related to the recognition of revenue.
What You May Do
If you purchased shares of Maxwell Technologies and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis Kahn (firstname.lastname@example.org) or KSF Partner Melinda Nicholson (email@example.com) toll free at 1-877-515-1850. If you wish to serve as a lead plaintiff in this class action by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by May 13, 2013.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities class action and shareholder derivative litigation with offices in New York and Louisiana. KSF's lawyers have significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders.
To learn more about KSF, you may visit www.ksfcounsel.com.
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