|[July 16, 2014]
Glancy Binkow & Goldberg LLP Announces An Expanded Class Period in the Shareholder Lawsuit Against PowerSecure International, Inc.
LOS ANGELES --(Business Wire)--
Binkow & Goldberg LLP announces that the shareholder lawsuit
filed on behalf of investors of PowerSecure
International, Inc. ("PowerSecure" or the "Company") (NYSE:POWR) in
the United States District Court for the Eastern District of North
Carolina has been expanded to include all purchasers of PowerSecure
common stock between August 8, 2013 and May 7, 2014, inclusive (the
PowerSecure provides interactive distributed generation power systems,
smart grid monitoring, peak having and demand response, and standby
power dispatch and control solutions to electric utilities and their
commercial, institutional and industrial customers in the United States.
The Complaint alleges that throughout the Class Period defendants issued
false and/or misleading statements and/or failed to disclose that:
The Company was attempting to shift resources within its Utility
Infrastructure business from certain lower-profit assignments to
Shifting of resources was negatively impacting the Company's
operations and utility services performance.
The Company was experiencing productivity losses and higher costs
within its utility services group, which were negatively impacting the
Company's gross margins.
If you purchased PowerSecure shares during the Class Period, you may
move the Court no later than July 22, 2014, to serve as lead plaintiff
if you meet certain legal requirements. To learn
more about this action, please contact Lesley Portnoy, Esquire, of
Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los
Angeles, California 90067, at (646) 539-8980, by e-mail to email@example.com,
or visit our website at http://www.glancylaw.com.
If you inquire by email, please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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