|[March 16, 2013]
Law Offices of Howard G. Smith Announces Class Action Lawsuit Against Maxwell Technologies, Inc.
BENSALEM, Pa. --(Business Wire)--
Law Offices of Howard G. Smith announces that a class action lawsuit has
been filed in the United States District Court for the Southern District
of California on behalf of all purchasers of the common stock of Maxwell
Technologies, Inc. ("Maxwell" or the "Company") (NASDAQ:MXWL) between
April 28, 2011 and March 7, 2013, inclusive (the "Class Period").
Maxwell develops, manufactures, and markets energy storage and power
delivery products, and microelectronic products worldwide. The Complaint
alleges that throughout the Class Period, defendants made materially
false and misleading statements, and omitted materially adverse facts,
about the Company's business, operations and prospects. Specifically,
the Complaint alleges that: (a) Maxwell had overstted its revenues and
earnings in 2011 and 2012 in violation of Generally Accepted Accounting
Principles ("GAAP"); (b) Maxwell had reported revenues prior to the time
the sales price was fixed and/or collection was reasonably assured; and
(c) Maxwell's internal accounting controls were deficient and permitted
the premature recognition of revenue, leading to materially misstated
financial results. As a result of defendants' false and misleading
statements, the Company's stock traded at artificially inflated prices
during the Class Period.
If you purchased Maxwell securities between April 28, 2011 and March 7,
2013, if you have information or would like to learn more about these
claims, or if you wish to discuss these matters or have any questions
concerning this announcement or your rights or interests with respect to
these matters, please contact Howard G. Smith, Esquire, of Law Offices
of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania
19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by
email to email@example.com,
or visit our website at http://www.howardsmithlaw.com.
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