SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Investors of Class Action against Ocean Power Technologies, Inc. & Its Board...
22 July 2014 - 7:57AM
Business Wire
Levi & Korsinsky announces that a class action lawsuit has
been commenced in the United States District Court for the District
of New Jersey on behalf of investors who purchased Ocean Power
Technologies, Inc. (“Ocean Power” or the “Company”) (NasdaqGM:OPTT)
common stock between January 14, 2013 and June 9, 2014.
For more information, click here:
http://zlk.9nl.com/ocean-power-technologies-optt.
The complaint alleges that throughout the Class Period
defendants made materially false and misleading statements and/or
omitted materially adverse facts regarding the Company’s business,
operations, and prospects.
On June 10, 2014, Ocean Power disclosed that its Chief Executive
Officer, Charles F. Dunleavy, was terminated, and that the Board of
Directors had appointed a Special Committee to investigate an
agreement between Victorian Wave Partners and the Australian
Renewable Energy Agency. Shares of Ocean Power have fallen from a
close of $2.47 per share on June 9, 2014, to a recent close of just
$1.70 per share on June 16, 2014.
If you suffered a loss in Ocean Power you have until August 12,
2014 to request that the Court appoint you as lead plaintiff. Your
ability to share in any recovery doesn’t require that you serve as
a lead plaintiff. To obtain additional information, contact Joseph
E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at
(212) 363-7500, toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/ocean-power-technologies-optt.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm’s 26
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.Tel: 212-363-7500Toll Free: 877-363-5972Fax:
866-367-6510www.zlk.com
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