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Active Power, Inc. SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors Of Class Action Against Active Power, Inc. And Its Board Of Directors And Lead Plaintiff Deadline Of November 12, 2013 -- ACPW
Oct. 15, 2013 /PRNewswire/ -- Levi & Korsinsky announces that a class action lawsuit has been commenced on behalf of investors who purchased Active Power, Inc. ("Active Power" or the "Company") (NasdaqCM: ACPW) common stock between
April 30, 2013 and
September 5, 2013.
For more information, click here:
The complaint alleges that during the class period the Company made materially false and misleading statements and/or omitted materially adverse facts that led the stock to trade at artificially inflated prices.
April 30, 2013, the Company announced that it had entered into a strategic distribution partnership with Digital China Information Service Limited. On
September 5, 2013, however, after the close of trading, the Company disclosed that its partnership was with Qiyuan Network System Limited, which is neither an affiliate nor a subsidiary of Digital China. Additionally, the Company added that "[w]hile we remain optimistic about our long-term market opportunity in
China, our experience this year in
China has been very disappointing and for now is unpredictable." Upon this news, shares of Active Power stock declined
$0.48 per share, or 13.71%, to close on
September 6, 2013 at
$3.02 per share.
Shareholders of Active Power have until
November 12, 2013 to seek appointment as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact
Joseph E. Levi, Esq. either via email at
email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit
Levi & Korsinsky is a national firm with offices in
Connecticut, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor
New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171
SOURCE Levi & Korsinsky, LLP