Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Active Power, Inc. To Contact The Firm
Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Active Power, Inc. (“Active Power” or the “Company”) (NASDAQ: ACPW) of the November 12, 2013 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against Active Power and certain executives.
A complaint has been filed on behalf of all persons who purchased Active Power common stock between April 30, 2013 and September 5, 2013 (the “Class Period”).
The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and prospects.
Specifically, the action alleges that throughout the Class Period Active Power issued false and/or misleading statements regarding the Company’s strategic partnership with Digital China Information Service Company Limited (“Digital China”).
On September 5, 2013, Active Power announced that the agreement with Digital China was actually with Qiyuan Network System Limited and described the Company’s experience in China as “unpredictable.”
Following this news, the Company’s stock declined $0.48 per share, or over 13%, to close at $3.02 per share on September 6, 2013.
If you invested in Active Power stock or options between April 30, 2013 and September 5, 2013 and would like to discuss your legal rights, you can contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org or email@example.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Active Power’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.