NEW YORK, April 20, 2012 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at A123 Systems Inc. ("A123" or the "Company") (NASDAQ: AONE).
The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that: (1) A123 was experiencing severe manufacturing deficiencies at its Livonia, Michigan manufacturing facilities; (2) the Company's manufacturing problems resulted in the production of defective prismatic cells and the premature failure of battery modules and packs; and (3) as a result of faulty manufactures, A123 would be required to recall and replace product parts at substantial cost to the Company.
If you purchased A123 securities between February 28, 2011 and March 23, 2012 and would like to discuss your legal rights, visit www.faruqilaw.com/AONE. You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to [email protected] or [email protected]. Faruqi & Faruqi, LLP also encourages anyone with information regarding A123's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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FARUQI & FARUQI, LLP 369 Lexington Avenue, 10th Floor New York, NY 10017 Attn: Richard Gonnello, Esq. [email protected] Francis McConville, Esq. [email protected] Telephone: (877) 247-4292 or (212) 983-9330