Abraham, Fruchter & Twersky, LLP has commenced an investigation against Smart Technologies Inc. (“SMT” or the “Company”) (NASDAQ:SMT) for possible violations of federal securities laws related to the Company’s July 15, 2010 Initial Public Offering. The Company designs, develops, and sells interactive technology products and solutions worldwide, including interactive whiteboards and interactive touch-enabled display components.
On November 9, 2010, after the market closed, SMT announced weaker-than-expected revenue for the 2010 second quarter. In a reaction to this news and a subsequent analyst downgrade, shares of SMT fell 31% on unusually high trading volume. We are investigating whether the Company properly disclosed in their prior statements and prospectus on-going business risks and weakening financial results.
If you own shares of SMT common stock and would like to discuss this action, or if you have any questions concerning this notice or your rights as a potential class member or lead plaintiff, you may contact: Jack Fruchter or Arthur J. Chen of Abraham, Fruchter & Twersky, LLP toll free at (800) 440-8986, or via e-mail at firstname.lastname@example.org or email@example.com.
Abraham, Fruchter & Twersky, LLP has extensive experience in securities class action cases, and the firm has been ranked among the leading class action law firms in terms of recoveries achieved by a survey of class action law firms conducted by Institutional Shareholder Services.Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.