Rosen Law Firm Announces Class Action Against New Energy Systems Group and Important April 10, 2012 Deadline -- NEWN
April 06 2012 - 2:11PM
The Rosen Law Firm, P.A. today announced that a class action
lawsuit has been filed on behalf of investors who purchased the
shares of New Energy Systems Group (AMEX:NEWN) between April 15,
2010 and November 14, 2011, inclusive (the "Class Period").
To join the New Energy class action, visit the firm's website at
http://rosenlegal.com, or call Phillip Kim, Esq., toll-free, at
866-767-3653; you may also email pkim@rosenlegal.com for
information on the class action.
The Complaint asserts violations of the federal securities laws
against New Energy and its officers and directors for issuing false
and misleading information. Specifically, the Complaint alleges
that (a) the Company had a loyal customer base when it did not; (b)
the Company manufactured quality products when it did not; and (c)
the demand for batteries would remain profitable. The
Complaint alleges that when this adverse information entered the
market the price of New Energy securities dropped, causing investor
losses.
If you wish to serve as lead plaintiff, you must move the Court
no later than April 10, 2012. A lead plaintiff is a
representative party acting on behalf of other class members in
directing the litigation. If you wish to join the litigation,
or to discuss your rights or interests regarding this class action,
please contact Phillip Kim, Esq. of The Rosen Law Firm, toll-free,
at 866-767-3653, or via e-mail at pkim@rosenlegal.com. You may
also visit the firm's website at http://www.rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
CONTACT: Laurence Rosen, Esq.
Phillip Kim, Esq.
Jon Horne, Esq.
The Rosen Law Firm P.A.
275 Madison Avenue 34th Floor
New York, New York 10016
Tel: (212) 686-1060
Weekends Tel: (917) 797-4425
Toll Free: 1-866-767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
www.rosenlegal.com
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