NEW YORK, March 18, 2013 /PRNewswire/ --
Atlantic Power Corporation
Lifshitz Law Firm announces that a class action suit was filed in the United States District Court for the District of Massachusetts, alleging that Atlantic Power Corporation ("AT" or the "Company") (AT) issued false and misleading statements to investors between July 23, 2010 and March 4, 2013 ("Class Period") by failing to adequately disclose material adverse facts about the Company's business, operations, and prospects. Specifically, the Complaint alleges that defendants made false and misleading statements regarding the sustainability of AT's stock dividend, which was regarded by the Company as one of its corporate objectives.
Maxwell Technologies, Inc.
Lifshitz Law Firm announces that a class action suit was filed in the United States District Court for the Southern District of California on behalf of purchasers of Maxwell Technologies, Inc. ("Maxwell" or the "Company") (MXWL) between April 28, 2011 and March 7, 2013, inclusive (the "Class Period"). The Complaint alleges defendants misrepresented and/or failed to disclose that (a) Maxwell had overstated its revenues and earnings in 2011 and 2012 in violation of Generally Accepted Accounting Principles ("GAAP"); (b) Maxwell had reported revenues prior to the time the sales price was fixed and/or collection was reasonably assured; and (c) Maxwell's internal accounting controls were deficient and permitted the premature recognition of revenue, leading to materially misstated financial results.
ITT Educational Services 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 on behalf of all persons or entities who purchased ITT Educational Services Inc. ("ITT" or the "Company") (ESI) securities between April 22, 2010 and February 25, 2013 (the "Class Period"). The Complaint alleges defendants misrepresented and/or failed to disclose that (a) the Company failed to properly account for the 2009 loan risk-sharing agreement and its PEAKS Program; and (b) the Company failed to maintain proper internal controls to ensure that risk-sharing agreements were properly recorded.
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.
ATTORNEY ADVERTISING. © 2013 Lifshitz Law Firm. The law firm responsible for this advertisement is Lifshitz Law Firm, 18 East 41st Street, New York, New York 10017, (212) 213-6222. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
Joshua M. Lifshitz, Esq.
Lifshitz Law Firm
Email: [email protected]
SOURCE Lifshitz Law Firm