NEW YORK, April 18, 2006 (PRIMEZONE) -- On April 17, 2006, the Rosen Law Firm filed a complaint on behalf of all investors purchasing the American Depository Shares of Pixelplus Co. Ltd. (Nasdaq:PXPL) during the period from December 21, 2005 through April 11, 2006, including purchasers in the Company's IPO. The complaint alleges that Pixelplus and certain of its officers and directors violated federal securities laws by issuing material misrepresentations to the market and is the result of an investigation by the Rosen Law Firm.
Since the Rosen Law Firm filed this class action complaint, other law firms have issued press releases announcing the Pixelplus class action brought by the Rosen Law Firm and encouraging shareholders to consider their legal options. Be advised that we are not aware of any other law firms that have filed a complaint on behalf of investors against Pixelplus. It appears that some of these other law firms are distributing the complaint drafted by The Rosen Law Firm to investors. These press releases issued by law firms that have not actually filed any complaint appear to be advertisements designed to solicit clients.
If you purchased the shares of Pixelplus during the Class Period, and wish to serve as lead plaintiff, you must move the Court no later than 60 days from April 17, 2006.
If you are a member of this class, you can view a copy of the complaint or join this class action online at http://www.rosenlegal.com.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff's counsel, Laurence Rosen, Esq. or Phillip Kim, Esq. of the Rosen Law Firm toll free at 866-767-3653 or via e-mail at lrosen@rosenlegal.com or pkim@rosenlegal.com.
The Rosen Law Firm http://www.rosenlegal.com has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud. The Rosen Law Firm represents investors throughout the nation, concentrating its practice in securities class actions.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca.