The Rosen Law Firm Reminds Investors of July 28, 2008 Deadline in Securities
Class Action Against NexCen Brands, Inc. -- NEXC
NEW YORK, July 12, 2008 (PRIME NEWSWIRE) -- The Rosen Law Firm reminds investors
of the July 28, 2008 lead plaintiff deadline in the 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 directors
failed 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 to 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.
More information on this and other class actions can be found on the Class
Action Newsline at http://www.primenewswire.com/ca/
-0-
CONTACT: The Rosen Law Firm P.A.
Laurence Rosen, Esq.
lrosen@rosenlegal.com
Phillip Kim, Esq.
pkim@rosenlegal.com
(212) 686-1060
1-866-767-3653
Weekends: (917) 797-4425
Fax: (212) 202-3827
www.rosenlegal.com
