Kendall Law Group Announces Class Action Against Accuray
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DALLAS, TX, Jul 30 (MARKET WIRE) --
Kendall Law Group, led by a former federal judge and U.S. Attorney,
announces that a lawsuit has been filed on behalf of Accuray (NASDAQ:
ARAY) shareholders who purchased stock between February 7, 2007 and
August 19, 2008. Also included are those who purchased common stock
pursuant or traceable to the Company's Initial Public Offering on
February 7, 2007.
Any shareholder, who purchased ARAY stock during the above time period,
may move the Court to serve as lead plaintiff in this class action. If you
wish to serve as lead plaintiff, you must move the Court for appointment
by September 21, 2009. A lead plaintiff is a class member who acts on
behalf of other class members in directing the litigation. Lead
plaintiffs make important decisions which could affect the overall
recovery for class members.
According to the Complaint, filed in the Northern District of California,
defendants violated federal securities laws by failing to disclose
material information concerning contracts in Accuray's "backlog." The
company changed is definition of "backlog" in public statements and
reported backlog orders of the company's CyberKnife system that did not
have a high probability of being booked as revenue.
While Kendall Law Group has not filed a lawsuit against the defendants,
the firm does has extensive experience in representing investors against
companies accused of securities fraud. Led by a former federal judge and
U.S. Attorney, the firm has the credentials to pursue any type of complex
securities litigation in the nation. If you wish to learn more about your
rights as an Accuray shareholder or serving as a lead plaintiff, contact
attorney Hamilton Lindley at 877-744-3728 or hlindley@kendalllawgroup.com.
Hamilton Lindley
Kendall Law Group LLP
3232 McKinney, Ste. 700
Dallas, TX 75204
(214) 744-3000 Telephone
(214) 744-3015 Facsimile
(877) 744-3728 Toll Free
hlindley@kendalllawgroup.com
www.kendalllawgroup.com
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