NEW YORK, July 14, 2012 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. reminds investors of the important August 13, 2012 lead plaintiff deadline in the class action against ModusLink Global Solutions, Inc. (Nasdaq:MLNK) ("ModusLink").
To join the ModusLink 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 alleges that ModusLink made materially false and misleading statements about the Company's true financial condition. On June 11, 2012, ModusLink announced it received an inquiry from the SEC relating to the Company's accounting treatment of rebates associated with volume discounts provided by vendors. The Company also announced that it initiated an internal investigation into those and other matters. The Complaint alleges that this adverse information caused the price of ModusLink stock to fall, damaging investors.
If you wish to serve as lead plaintiff, you must move the Court no later than August 13, 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://rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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