Lifshitz Law Firm Announces Investigation of Aruba Networks, Inc., Delcath Systems, Inc., and Digital Generation, Inc.
NEW YORK, May 28, 2013 /PRNewswire/ --
Aruba Networks, Inc.
Lifshitz Law Firm announces that a class action suit was filed in the United States District Court for the Northern District of California, alleging that Aruba Networks, Inc. ("Aruba") (ARUN) issued false and misleading statements to investors between May 17, 2012 and May 16, 2013, inclusive (the "Class Period") by failing to adequately disclose (i) that Aruba did not hold a competitive advantage over Cisco Systems, Inc. ("Cisco"); (ii) the weaknesses in Aruba's marketing abilities given the "bundling" advantages that Cisco held over Aruba; (iii) Cisco's bundling practices would greatly undermine Aruba's market share and overall success rate in signing contracts with clients. The firm is investigating legal claims against the officers and Board of Directors of Aruba.
Delcath Systems, Inc.
Lifshitz Law Firm announces that a class action suit was filed in the United States District Court for the Southern District of New York, alleging that Delcath Systems, Inc. ("Delcath" or the "Company") (DCTH) issued false and misleading statements to investors between April 21, 2010 and May 2, 2013, inclusive (the "Class Period") by failing to adequately disclose (1) the Company's New Drug Application ("NDA") for Melblez Kit for the treatment of patients with unresectable ocular melanoma metastatic to the liver contained risks including substantial and severe toxicity and deaths associated with the drug's adverse reactions; and (2) the Company's manufacturing facilities were in violation of Current Good Manufacturing Practices ("cGMP"). The firm is investigating legal claims against the officers and Board of Directors of Delcath during the Class Period.
Digital Generation, Inc.
Lifshitz Law Firm announces that that a class action suit was filed in the United States District Court for the Northern District of Texas on behalf of purchasers of Digital Generation, Inc. ("Digital Generation" or the "Company") (DGIT) between June 20, 2011 and February 19, 2013 ("Class Period"). The Complaint alleges that (i) the Company's online segment was grossly underperforming, and well below the value reported to investors; (ii) past acquisitions had masked the Company's declining revenue base; (iii) the Company had vastly overpaid for its acquisition of Media Mind, Inc. and other online segments in order to appear to be an attractive acquisition target; and (iv) the Company was not sufficiently poised for a strategic partnership or buyout. The firm is investigating legal claims against the officers and Board of Directors of Digital Generation during the Class Period.
Lifshitz Law Firm is a New York based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please visit our website at www.jlclasslaw.com.
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Joshua M. Lifshitz, Esq.
Lifshitz Law Firm
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