March 11, 2013
Bernstein Liebhard LLP today announced an investigation into Maxwell Technologies, Ltd. (NASDAQ: MXWL) (“Maxwell” or the “Company”) concerning whether (i) Maxwell issued materially misleading information to the investing public; and (ii) Maxwell breached its fiduciary duties to shareholders.
On March 8, 2013, the Company disclosed that various financial statements contained in the Company’s annual and quarterly reports from the beginning of 2011 through the present could no longer be relied on. On this news, Maxwell stock fell from a March 7, 2013 closing price of $9.11 to a March 8, 2013 closing price of $8.11, a drop of over 10%.
If you are interested in discussing your rights as a Maxwell shareholder and/or have information relating to the matter, please contact Joseph R. Seidman, Jr. at (877) 779-1414 or seidman@bernlieb.com.
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last ten years.
