The Rosen Law Firm Files Class Action Against NexCen Brands, Inc., Expanding the Class to Include Both Common Stock and

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Fri Jun 6, 2008 7:04pm EDT 

  NEW YORK, NY, Jun 06 (MARKET WIRE) -- 
 The Rosen Law Firm today announced that the firm has filed a class action
lawsuit on behalf of purchasers of NexCen Brands, Inc. ("NexCen" or the
"Company") (NASDAQ: NEXC)  common stock and/or call options during the period
between May 10, 2007 and May 19, 2008 (the "Class Period").

    To join the NexCen class action, go to the website at
http://www.rosenlegal.com or call Laurence Rosen, Esq. or Phillip Kim,
Esq.toll-free at 866-767-3653 or email lrosen@rosenlegal.com or
pkim@rosenlegal.com for information on the class action.

    NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION.  UNTIL A CLASS IS
CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY
ALSO REMAIN AN ABSENT CLASS MEMBER.

    The complaint asserts that NexCen and certain of its officers and
directorsfailed to adequately disclose details of an accelerated-redemption
feature on
financing it obtained in connection with its acquisition of Great American
Cookies, which required the Company to pay half of its borrowing by a date
certain;
that the Company was unable to comply with the accelerated-redemption; that
the Company had no reasonable basis for its earnings guidance for fiscal
2008; and, the Company's ability to continue as a going concern was in serious
doubt.  On May 19, 2008, these adverse facts and misstatements were disclosed
causing the price of NexCen securities plummet, damaging investors.

    A class action lawsuit has already been filed on behalf of NexCen
shareholders. 
If you wish to serve as lead plaintiff, you must move the Court no later than
July 28, 2008. If you wish to join the litigation or to discuss your rights
or interests regarding this class action, please contact plaintiff's counsel,
Laurence Rosen, Esq. or Phillip Kim, Esq. of The Rosen Law Firm toll free at
866-767-3653 or via e-mail at lrosen@rosenlegal.com or pkim@rosenlegal.com.

    The Rosen Law Firm represents investors throughout the nation, concentrating
its
practice in securities class actions.

    

Contact:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm P.A.
Tel:  (212) 686-1060
Weekends Tel: (917) 797-4425
Toll Free: 1-866-767-3653
Fax: (212) 202-3827
Email Contact
Email Contact
www.rosenlegal.com

Copyright 2008, Market Wire, All rights reserved.

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