This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

MURRAY, FRANK & SAILER LLP Investigates Claims Against STEC, Inc., Concerning Common Stock Purchased On Secondary Public Offering On Or About August 5, 2009

MURRAY, FRANK & SAILER LLP investigates claims against STEC, Inc. (NASDAQ:STEC) concerning STEC common stock purchased on a secondary public offering on or about August 5, 2009. In this offering, selling shareholders Manouch Moshayedi, STEC’s Chairman and CEO, and Mark Moshayedi, STEC’s President and COO, sold about 9 million shares at a price of $31.00 per share.

MURRAY, FRANK & SAILER LLP is investigating possible violations of the Securities Act of 1933 through the issuance of a materially false and misleading registration statement, prospectus, and other documents. These documents failed to disclose, among other things, that: (1) STEC over-sold its largest customer more inventory than it required; (2) STEC overstated the demand for certain products; (3) STEC’s subsequent revenue and financial results for the following years would be negatively impacted; and (4) as a result of the above, defendants’ statements lacked a reasonable basis.

If you purchased STEC common stock pursuant to the secondary public offering at a price of $31.00 per share on or about August 5, 2009, please contact Eva Hromadkova at (800) 497-8076, (212) 682-1818, or via email at

Copyright Business Wire 2010

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
STEC $0.00 0.00%
AAPL $117.29 -0.85%
FB $107.04 2.70%
GOOG $766.64 3.20%
TSLA $237.30 3.10%


Chart of I:DJI
DOW 17,888.35 +168.43 0.95%
S&P 500 2,102.63 +22.22 1.07%
NASDAQ 5,156.3060 +47.64 0.93%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs