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A123 Systems Inc. (AONE)

(NASDAQ: AONE)

Summary

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Substantial Losses Investing in A123 Systems Inc. to Contact the Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at A123 Systems Inc. (“A123” or the “Company”) (NASDAQ: AONE).  

The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that:  (1) A123 was experiencing severe manufacturing deficiencies at its Livonia, Michigan manufacturing facilities; (2) the Company’s manufacturing problems resulted in the production of defective prismatic cells and the premature failure of battery modules and packs; and (3) as a result of faulty manufactures, A123 would be required to recall and replace product parts at substantial cost to the Company.

Take Action

If you purchased A123 securities between February 28, 2011 and March 23, 2012 and would like to discuss your legal rights, 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 rgonnello@faruqilaw.com or fmcconville@faruqilaw.com.  Faruqi & Faruqi, LLP also encourages anyone with information regarding A123’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Contact Counsel

Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 04/20/2012

Class Period:

  • 02/28/2011 - 03/23/2012

Send Information

If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.