Science & Technology
Thu, August 4, 2011Wed, August 3, 2011Tue, August 2, 2011Mon, August 1, 2011Sun, July 31, 2011Fri, July 29, 2011Thu, July 28, 2011Wed, July 27, 2011Tue, July 26, 2011Mon, July 25, 2011Sun, July 24, 2011Fri, July 22, 2011Thu, July 21, 2011Wed, July 20, 2011Tue, July 19, 2011Mon, July 18, 2011Sun, July 17, 2011Sat, July 16, 2011Faruqi & Faruqi, LLP Announces Investigation of SatCon Technology Corp.
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Published in Science and Technology on Tuesday, July 26th 2011 at 7:40 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
NEW YORK--([ BUSINESS WIRE ])--Faruqi & Faruqi, LLP, a national law firm concentrating on investor rights, consumer rights and enforcement of federal antitrust laws, is investigating potential wrongdoing at SatCon Technology Corp. (aSatCona or the aCompanya) (NASDAQ: SATC). Faruqi & Faruqi, LLP seeks to determine whether SatCon violated federal securities laws in connection with statements made to the Companya™s shareholders.
Request more information now by clicking here: [ www.faruqilaw.com/SATC ]
The investigation focuses on whether certain individuals violated federal securities laws by, among other things, failing to disclose: (1) that the Company was experiencing decreased sales of its inverter systems; (2) that the Companya™s European market was performing below internal expectations due to changes in government incentives for solar energy; (3) that the Company failed to properly account for its inventory; and (4) as a result of the forgoing, defendants lacked a reasonable basis for their positive statements about the Company and its prospects.
Take Action
If you purchased SatCon securities between March 4, 2010 and July 5, 2011, and you would like to discuss your legal rights, visit [ www.faruqilaw.com/SATC ]. You can also contact us by calling Anthony Vozzolo toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to [ avozzolo@faruqilaw.com ]. Faruqi & Faruqi, LLP also encourages anyone with information regarding SatCona™s conduct during the period in question to contact the firm, including whistleblowers, former employees, shareholders and others.
About Faruqi & Faruqi, LLP
Faruqi & Faruqi, LLP is a national law firm, representing investors, consumers and companies in the prosecution of claims under state corporate and consumer laws and the federal securities and antitrust laws. The firm is focused on providing exemplary legal services in complex litigation. Founded in 1995, the firm maintains its principal office in New York City, with offices in Delaware, California, Florida and Pennsylvania. The lawyers at Faruqi & Faruqi, LLP have demonstrated a clear commitment to championing the rights of shareholders and consumers nationwide.
Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ([ www.faruqilaw.com ]). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.
