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Roy Jacobs & Associates Investigating FalconStor Software, Inc. for Possible Securities Law Violations (aFALCa)

^{Published on 2010-09-30 09:50:25 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Roy Jacobs & Associates announces that it is investigating possible claims for the violation of the federal securities laws on behalf of purchasers of FalconStor Software, Inc.(aFalconStora or the aCompanya) (Nasdaq: FALC) securities. FalconStor develops, manufactures and sells network storage software solutions in the United States and internationally. The Company also provides related maintenance, implementation and engineering services.

For further information, please contact Roy L. Jacobs, Esq. toll-free at 1-888-884-4490 or by e-mail at [ rjacobs@jacobsclasslaw.com ].

On September 29, 2010, the Company announced that ReiJane Huai, the Companya™s President, Chief Executive Officer and Chairman of the Board, resigned from all of his positions. The resignation followed his disclosure that certain improper payments were allegedly made in connection with the Companya™s contract with one customer. It appears that law enforcement authorities are conducting their own investigation. As a result, FalconStor shares declined 22.4% on very high volume.

If you purchased FalconStor shares and have a loss, whether or not you still hold your shares, and you are interested in discussing your rights free of charge, please contact Roy L. Jacobs. Mr. Jacobs will be glad to personally speak with you.