|[September 06, 2013]
Law Offices of Howard G. Smith Announces Investigation on Behalf of Investors of Active Power, Inc.
BENSALEM, Pa. --(Business Wire)--
Law Offices of Howard G. Smith announces that it is investigating
potential claims on behalf of purchasers of the securities of Active
Power, Inc. ("ACPW" or the "Company") (NASDAQ:ACPW) concerning possible
violations of federal securities laws. The investigation focuses on
allegations that certain statements issued by the Company regarding its
business, operations and financial condition were false and misleading.
ACPW designs, manufactures, and services uninterruptible power supply
products and modular infrastructure solution products that provide
electrical power continuity and integrated infrastructure platforms for
data centers and other mission critical applications. On April 30, 2013,
ACPW announced that it had entered into a partnership agrement with the
largest infrastructure technology company in China. The investigation
relates to the Company's September 5, 2013 disclosure that ACPW's April
30, 2013 announcement was made in error and that the Company had
actually entered into a partnership agreement with an entity that was
not affiliated with the largest information technology company in China.
On this news, shares of the Company's stock declined $0.48 per share, or
13.71%, to close on September 6, 2013, at $3.02 per share, on unusually
heavy trading volume.
If you purchased ACPW's securities between April 30, 2013, and September
5, 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 www.howardsmithlaw.com.
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