|[October 07, 2013]
ACFN SHAREHOLDER ALERT: The Law Firm of Wohl & Fruchter LLP Announces Investigation of Acorn Energy, Inc.
NEW YORK --(Business Wire)--
The law firm of Wohl & Fruchter LLP is investigating possible violations
of federal securities laws by officers and directors of Acorn Energy,
Inc. (Acorn) (NASDAQ: ACFN).
On October 7, 2013, Acorn disclosed in an SEC (News - Alert) filing that, on October 3,
2013, its Audit Committee determined that the Company will record an
impairment charge as a result of write-downs of goodwill and/or other
intangibles, and will record a restructuring charge, with respect to its
The Company further disclosed that the impairment and restructuring
charges with respect to OmniMetrix would likely have a material impact
on the Company's results of operations for the quarter ended September
OmniMetrix was acquired by the Company in February 2012.
Upon the above news, ACFN shares have declined over 20% in trading on
October 7, 2013.
Persons with relevant information, ad ACFN shareholders with questions
about this investigation, are invited to contact the attorney below, or
our Firm by calling 866.833.6245.
Additional information is available on our website at: http://www.wohlfruchter.com/cases/acfn.
About Wohl & Fruchter
Wohl & Fruchter LLP represents plaintiffs in litigation arising from
fraud and other fiduciary breaches by corporate managers, as well as
other complex litigation matters. Please visit our website, www.wohlfruchter.com,
to learn more about our Firm, or contact one of our partners.
J. Elazar Fruchter (email@example.com)
or Toll Free 866.833.6245
Wohl & Fruchter LLP
New York, NY 10022
This release may be deemed to constitute attorney advertising.
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