2014

Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Acorn Energy, Inc.

NEW YORK, Oct. 8, 2013 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Acorn Energy, Inc. ("Acorn" or the "Company") (NasdaqGM: ACFN -News).  Such investors are advised to contact Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman at info@bgandg.com or 212-697-6484.

The investigation concerns whether Acorn and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.  On October 7, 2013, shares of Acorn fell $1.53 or over 30% to close at $3.41 after the company disclosed in a regulatory filing that, on October 3, 2013, its Audit Committee determined that the Company will record an impairment charge as a result of write-downs of goodwill and/or other intangibles, and will record a restructuring charge, with respect to its OmniMetrix subsidiary.  The Company further disclosed that the impairment and restructuring charges with respect to OmniMetrix would likely have a material impact on the Company's results of operations for the third quarter of 2013.

If you are aware of any facts relating to this investigation, or purchased shares of Acorn, you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email info@bgandg.com.  Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.  Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
info@bgandg.com

 

SOURCE Bronstein, Gewirtz & Grossman, LLC




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