NEW YORK, Nov. 6, 2009 (GLOBE NEWSWIRE) -- The Brualdi Law Firm, P.C. is investigating potential violations of the federal securities laws by STEC, Inc. ("STEC" or the "Company") (Nasdaq:STEC). The investigation focuses on whether the Company issued false or materially misleading information concerning STEC's business, operations, and prospects during the time between August 3, 2009 and November 3, 2009.
On November 4, 2009, shares of STEC fell more than 36% during midway Wednesday trading after the Company reported its Q3 results and warned that its top customer, EMC (NYSE:EMC) which had placed a $120 million order for the second half of 2009, would carry its 2009 inventory over to 2010, placing STEC's 2010 first quarter results at risk.
If you purchased shares of STEC common stock pursuant between August 3, 2009 to November 3, 2009, or if you have information or would like to learn more about these possible claims, please contact Sue Lee at The Brualdi Law Firm, P.C. 29 Broadway, Suite 2400, New York, New York 10006, by telephone toll free at (877) 495-1187 or (212) 952-0602, by email to slee@brualdilawfirm.com or visit our website at http://www.brualdilawfirm.com.
The Brualdi Law Firm, P.C. is New York, New York-based law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, with a particular emphasis on sophisticated class action litigation in the securities, and antitrust areas as well as corporate derivative suits. More information about the firm is available through its website, www.brualdilawfirm.com, and upon request from the firm.