Law Offices of Howard G. Smith announces that it is investigating potential claims against certain officers and/or directors of Akeena Solar, Inc. (“Akeena Solar” or the “Company”) (NASDAQ:AKNS). The investigation focuses on allegations that certain statements issued by the Company regarding the Company’s financial condition were materially false and misleading.
Akeena Solar engages in the design, integration, installation, marketing and sale of solar power systems. The investigation concerns certain statements issued by the Company prior to December 26, 2007, including whether Akeena Solar misled investors by failing to disclose that the Company was experiencing severe gross profit margin losses as a result of its failure to meet previously-set sales "backlogs." The investigation concerns possible breaches of fiduciary duty and other violations of law by certain of the Company’s executive officers and/or directors.
If you own shares of Akeena Solar, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at http://www.howardsmithlaw.com.