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NEW YORK--([ BUSINESS WIRE ])--Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Camelot Information Systems Inc. (aCamelota or the aCompanya) (NYSE: CIS).

The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that: (1) the Companyas IT professionals did not enjoy a competitive advantage; (2) Camelot was suffering from significant employee attrition; (3) Camelotas difficulties concerning its employees affected the Companyas ability to either retain or attract new customers; (4) Camelot did not have as many highly trained professionals at its disposal as it represented; and (5) Camelotas contract with IBM, its most important customer, was not robust and would not be renewed on the same terms.

On August 15, 2011, Seeking Alpha published an article questioning several key components of Camelotas business. This caused Camelot shares to drop below $9 compared to $19.50 per share at the Companyas December 9, 2010 Secondary Offering. Then on August 18, 2011, Camelot issued a press release announcing its second quarter 2011 unaudited financial results, including lower-than-expected guidance for fiscal year 2011. On this shocking news, Camelotas ADSs dropped $2.24 per share to close at $6.32 per share on August 18, 2011, a one-day decline of 26%.

Request more information now by clicking here: [ www.faruqilaw.com/CIS ].

Take Action

If you purchased Camelot securities between July 21, 2010 and August 17, 2011 and would like to discuss your legal rights, visit [ www.faruqilaw.com/CIS ]. You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to [ rgonnello@faruqilaw.com ] or [ fmcconville@faruqilaw.com ]. Faruqi & Faruqi, LLP also encourages anyone with information regarding Camelotas conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

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