NEW YORK, April 22, 2013 /PRNewswire/ --
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 Autoliv, Inc. ("Autoliv" or the "Company") (NYSE: ALV) issued false and misleading statements to investors between October 26, 2010 and August 1, 2011, inclusive (the "Class Period") by failing to adequately disclose (a) that the Company had colluded with other automotive supply companies dating back to 2009 to engage in wrongful antitrust practices over an extended time; and (b) that the Company's known, but undisclosed, anti-competitive practices had artificially inflated its reported gross margins and earnings for fiscal years 2009 and 2010 and for the first interim reporting period of fiscal 2011. The firm is investigating legal claims against the officers and Board of Directors of Autoliv during the Class Period.
Saba Software, Inc.
Lifshitz Law Firm announces that it is investigating potential claims against the board of Saba Software, Inc. ("Saba" or the "Company") (OTC Market: SABA). Between August 2, 2012 and November 5, 2012, the Company management, in consultation with the Audit Committee, concluded that the Company's annual financial results for fiscal years 2008-2011, and the quarterly results for the periods within such fiscal years and for the first and second quarters of fiscal year 2012, should be restated. In March 2013, the Company's founder and CEO abruptly resigned. The firm is investigating legal claims against the officers and Board of Directors of Saba during the Class Period.
UniTek Global Services, Inc.
Lifshitz Law Firm announces that that a class action suit was filed in the United States District Court for the Eastern District of Pennsylvania on behalf of purchasers of UniTek Global Services, Inc. ("UniTek" or the "Company") (NasdaqGM: UNTK) between May 18, 2011 and April 12, 2013 ("Class Period"). The Complaint alleges that (a) the Company's financial statements during the Class Period did not provide a fair presentation of the Company's finances and operations; (b) the Company's subsidiary, Pinnacle Wireless, engaged in fraudulent activities that resulted in improper revenue recognition; (c) the Company's internal accounting controls were deficient and permitted the improper recognition of revenue. The firm is investigating legal claims against the officers and Board of Directors of UniTek 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.
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
SOURCE Lifshitz Law Firm