Analyst Research

Report Title Price
Provider: Thomson Reuters Stock Report
$25.00
Provider: Stock Traders Daily
$20.00
Provider: New Constructs, LLC
$25.00
Provider: MacroRisk Analytics/EconomicInvestor
$25.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Gainey McKenna & Egleston Announces Files Securities Fraud Class Action Lawsuit Against Active Power Inc


Friday, 20 Sep 2013 06:30pm EDT 

Gainey McKenna & Egleston announced that a class action lawsuit has been filed in the United States District Court for the Western District of Texas on behalf of those who purchased shares of Active Power Inc, during the period between April 30, 2013 and September 5, 2013, inclusive (the Class Period). The Complaint alleges that Defendants issued materially misleading statements concerning Active Power's business, operations and financial prospects. On April 30, 2013, the Company announced that Active Power had entered into a strategic distribution partnership agreement with Digital China Information Service Company Limited, which it described as "the largest IT solutions provider in China," and that this partnership would allow the Company to increase its revenues and profitability. Thereafter, on September 5, 2013, the Company disclosed that the April 30, 2013 announcement was erroneous, and that actually Active Power had entered into a partnership agreement with an entity that is neither an affiliate nor a subsidiary of Digital China Information Service Company Limited. Following this news, Active Power shares declined $0.48 per share, or 13.71%, to close on September 6, 2013 at $3.02 per share, on unusually heavy trading volume. 

Company Quote

1.92
0.08 +4.35%
19 Dec 2014