Glancy Binkow & Goldberg LLP Announces An Expanded Class Period in the Shareholder Lawsuit Against PowerSecure International, Inc.
LOS ANGELES--(BUSINESS WIRE)--Glancy Binkow & Goldberg LLP announces that the shareholder lawsuit filed on behalf of investors of PowerSecure International, Inc. (“PowerSecure” or the “Company”) (NYSE:POWR) in the United States District Court for the Eastern District of North Carolina has been expanded to include all purchasers of PowerSecure common stock between August 8, 2013 and May 7, 2014, inclusive (the “Class Period”).
PowerSecure provides interactive distributed generation power systems, smart grid monitoring, peak shaving and demand response, and standby power dispatch and control solutions to electric utilities and their commercial, institutional and industrial customers in the United States. The Complaint alleges that throughout the Class Period defendants issued false and/or misleading statements and/or failed to disclose that:
- The Company was attempting to shift resources within its Utility Infrastructure business from certain lower-profit assignments to higher-profit assignments.
- Shifting of resources was negatively impacting the Company’s operations and utility services performance.
- The Company was experiencing productivity losses and higher costs within its utility services group, which were negatively impacting the Company’s gross margins.
If you purchased PowerSecure shares during the Class Period, you may move the Court no later than July 22, 2014, to serve as lead plaintiff if you meet certain legal requirements. To learn more about this action, please contact Lesley Portnoy, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, at (646) 539-8980, by e-mail to firstname.lastname@example.org, or visit our website at http://www.glancylaw.com. If you inquire by email, please include your mailing address, telephone number and number of shares purchased.
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