Holzer Holzer & Fistel, LLC Announces That a Shareholder Class Action Lawsuit Has Been Filed Against Hardinge, Inc. (NASDAQ: HD
18 Novembro 2008 - 8:11PM
Marketwired
A shareholder class action lawsuit has been filed in the United
States District Court for the Western District of New York against
certain officers and directors of Hardinge, Inc. ("Hardinge" or the
"Company") (NASDAQ: HDNG) on behalf of purchasers of Hardinge stock
who purchased between February 22, 2007 and February 21, 2008.
The lawsuit alleges the defendants violated the Securities
Exchange Act of 1934 by making false and misleading public
statements concerning the Company's financial condition.
Specifically, the complaint alleges the defendants failed to
disclose that the Company was experiencing slowing sales due to
outdated machinery and failed to timely record an impairment in the
value of Hardinge's inventory.
If you are a purchaser of Hardinge common stock during the Class
Period, you have the legal right to petition the Court to be
appointed a "lead plaintiff." A lead plaintiff is a representative
party that acts on behalf of other class members in directing the
litigation. Any such request must satisfy certain criteria and be
made within 60 days from October 29, 2008. Any member of the
purported class may move the Court to serve as lead plaintiff
through counsel of their choice, or may choose to do nothing and
remain an absent class member. If you are a Hardinge investor and
would like to discuss a potential lead plaintiff appointment, or
your rights and interests with respect to the lawsuit, you may
contact Michael I. Fistel, Jr., Esq., or Marshall P. Dees, Esq. via
email at mfistel@holzerlaw.com, or mdees@holzerlaw.com, or via
toll-free telephone at (888) 508-6832.
Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm
that dedicates its practice to vigorous representation of
shareholders and investors in litigation nationwide, including
shareholder class action and derivative litigation. More
information about the firm is available through its website,
www.holzerlaw.com and upon request from the firm. Holzer Holzer
& Fistel, LLC has paid for the dissemination of this
promotional communication, and Michael I. Fistel, Jr. is the
attorney responsible for its content.
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