Science & Technology
Fri, June 15, 2012
BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed in the United States District Court for the District of Massachusetts on behalf of all persons or entities who purchased or otherwise acquired the common stock of ModusLink Global Solutions, Inc. (aModusLinka or the aCompanya) (NASDAQ:MLNK) between September 26, 2007 and June 8, 2012, inclusive (the aClass Perioda).
ModusLink, through its subsidiaries, provides supply chain business process management solutions worldwide. The Complaint alleges that the Company and certain of its executive officers issued false and/or misleading statements concerning the Companyas business and financial prospects. Specifically, defendants misrepresented or failed to disclose that: (1) the Companyas accounting for rebates associated with volume discounts provided by vendors was improper and misleading; (2) the Companyas financial statements during the Class Period did not provide a fair presentation of the Companyas finances and operations; (3) as a result, the Companyas financial results were not prepared in accordance with GAAP; (4) the Company lacked adequate internal and financial controls; and (5), as a result of the above, the Companyas financial statements were materially false and misleading at all relevant times.
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 ModusLink common stock between September 26, 2007 and June 8, 2012, you have certain rights, and have 60 days from the date of this Notice 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, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].
