Science & Technology
Science and Technology
Science and Technology
Wed, January 12, 2011
Tue, January 11, 2011
Mon, January 10, 2011
Law Offices of Howard G. Smith Announces Class Action Lawsuit Against Tekelec
BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of all persons or entities who purchased the common stock of Tekelec (the aCompanya) (NASDAQ:TKLC) between February 11, 2010 and August 5, 2010, inclusive (the aClass Perioda). The class action lawsuit was filed in the United States District Court for the Eastern District of North Carolina.
Tekelec engages in the design, development, manufacture, marketing, sale and support of telecommunications products and services including voice, text messaging, and mobile data delivery. The Complaint alleges that during the Class Period the Company and certain of its executive officers violated federal securities laws by issuing material misrepresentations to the market concerning the Companya™s business, operations and prospects, thereby artificially inflating the price of Tekelec securities.
No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased Tekelec securities between February 11, 2010 and August 5, 2010, you have certain rights, and have until March 7, 2011, to move for lead plaintiff status. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you wish to discuss this action or have any questions concerning this Notice 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, by email to [ howardsmith@howardsmithlaw.com ] or visit our website at [ www.howardsmithlaw.com ].
