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

Wolf Haldenstein Announces Investigation Of Active Power, Inc.

The law firm of Wolf Haldenstein Adler Freeman & Herz LLP announces that it is investigating potential federal securities claims against Active Power Inc. (“Active Power” or the “Company”) (NASDAQ: ACPW) and certain of its officers and directors in connection with allegations that the Company misstated the identity of a purported Chinese partner.

On April 30, 2013, Active Power announced that it had entered into a “[n]ew strategic distribution partnership agreement with Digital China Information Service Limited, the largest IT solutions provider in China.” Active Power represented that the relationship with Digital China would increase its revenues and profitability, adding that “[w]e have already engaged with Digital China on large data center projects for which we anticipate field product deployment later this year.”

On September 5, 2013, after the close of trading, the Company retracted its guidance for the third quarter of 2013, citing disappointing results in China. In particular, the Company disclosed that its agreement in China was, in fact, with Qiyuan Network System Limited, “which the [C]ompany’s management discovered is neither an affiliate nor a subsidiary of Digital China Information Service Company Limited.” Following this news, Active Power shares declined $0.48 per share, or 13.71%, to close on September 6, 2013 at $3.02 per share.

Wolf Haldenstein has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in United States federal and state courts. Please visit the Wolf Haldenstein website ( for more information about the firm.

Please contact us no later than November 11, 2013 if you own Active Power common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, at:

Gregory M. NespoleWolf Haldenstein Adler Freeman & Herz LLP270 Madison AvenueNew York, New York 10016

1 of 2

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


Chart of I:DJI
DOW 17,719.92 -78.57 -0.44%
S&P 500 2,080.41 -9.70 -0.46%
NASDAQ 5,108.6660 -18.8590 -0.37%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs