NEW YORK, NY — (Marketwired) — 10/29/13 — Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Active Power, Inc. (“Active Power” or the “Company”) (NASDAQ: ACPW) of the November 12, 2013 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against Active Power and certain executives.
A complaint has been filed on behalf of all persons who purchased Active Power common stock between April 30, 2013 and September 5, 2013 (the “Class Period”) in the Western District of Texas.
The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and prospects.
Specifically, the action alleges that throughout the Class Period Active Power issued false and/or misleading statements regarding the Company–s strategic partnership with Digital China Information Service Company Limited (“Digital China”).
On September 5, 2013, Active Power announced that the agreement with Digital China was actually with Qiyuan Network System Limited and described the Company–s experience in China as “unpredictable.”
Following this news, the Company–s stock declined $0.48 per share, or over 13%, to close at $3.02 per share on September 6, 2013.
If you invested in Active Power stock or options between April 30, 2013 and September 5, 2013 and would like to discuss your legal rights, visit . 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 or . Faruqi & Faruqi, LLP also encourages anyone with information regarding Active Power–s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm–s clients. To keep track of the latest securities litigation news, follow us on Twitter at or on Facebook at .
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FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
Francis McConville, Esq.
Telephone: (877) 247-4292 or (212) 983-9330