CORAL SPRINGS, Fla., Jan. 5, 2006 (PRIMEZONE) -- The law firm of Mager & Goldstein LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Central District of California on behalf of all purchasers of securities of Interlink Electronics Inc. ("Interlink" or the "Company")(Nasdaq:LINKE) between April 24, 2003 and November 1, 2005, inclusive (the "Class Period").
The Complaint alleges that Interlink and its top executives, E. Michael Thoben, III and Paul D. Meyer, violated federal securities laws by issuing materially false and misleading statements during the Class Period which resulted in artificially inflating the value of Interlink stock. It further charges that these misrepresentations were a result of the Company's improper accounting practices and weak internal accounting controls.
On March 9, 2005, in an effort to correct several instances of improper accounting, Interlink publicly announced it would be restating its financial results for the first three quarters of 2004. Then on November 2, 2005, the Company announced that it again would be restating its financial statements, this time for all of 2003, 2004 and the first two quarters of 2005, essentially wiping out earnings that were previously reported. The announcement shocked investors and the market reacted to the news, with the value of Interlink shares tumbling 40%.
If you bought Interlink securities between April 24, 2003 and November 1, 2005 and sustained damages, you may, no later than January 17, 2006, request that the Court appoint you as lead plaintiff. A lead plaintiff is a representative who acts on behalf of other class members in directing the litigation. Under certain circumstances, several class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by whether or not you serve as lead plaintiff. You may retain Mager & Goldstein LLP, or other counsel, to represent you in this action.
Mager & Goldstein has offices in Pennsylvania, Florida and Colorado. The firm's attorneys have been litigating complex commercial matters for over twenty years.
If you wish to discuss the lawsuit against Interlink Electronics Inc. with us, or have any questions about this notice or your legal rights with regard to this case, please contact the following attorney:
Lee Albert One Liberty Place, 21st Floor 1650 Market Street Philadelphia, PA 19103 866-284-3280 Toll Free 215-640-3280 Telephone 215-640-3281 Fax E-mail: lalbert@magergoldstein.com