NEW YORK, Nov. 25, 2006 (PRIMEZONE) -- The Rosen Law Firm is issuing this notice to update investors that it has filed an amended complaint that expands its previously filed class action to include those persons who purchased or acquired shares of TVIA, Inc., (Nasdaq:TVIA) ("TVIA" or the "Company") from February 7, 2006 through November 16, 2006, inclusive.
The deadline for seeking appointment as lead plaintiff is December 5, 2006. To join the TVIA class action, go to the website at http://www.rosenlegal.com or call Laurence Rosen, Esq. or Phillip Kim, Esq. toll-free at 866-767-3653 or email lrosen@rosenlegal.com or pkim@rosenlegal.com for information on the class action. Investors are permitted to remain absent class members or may retain counsel of their choice.
On November 17, 2006 the Company announced that it intended to restate its financial results for the year ended March 31, 2006 and for the quarters ended December 31, 2005 and June 30, 2006, as it related to the Company's revenues and financial results reported for these periods. On November 22, 2006 the Company announced that it completed its restatement. The restatement substantially decreased the Company's previously reported revenues and increased the Company's previously reported net losses.
On October 6, 2006 the Rosen Law Firm filed a securities fraud class action on behalf of those who purchased or acquired TVIA common stock during the period from August 8, 2006 through and including September 27, 2006, including purchasers in the Company's Private Placement that was fully funded on August 25, 2006.
The complaint filed today by The Rosen Law Firm expands the action to include those who purchased or acquired shares of TVIA, Inc., from February 7, 2006 through November 16, 2006, inclusive based on TVIA's announcements that it will restate sales and earnings figures.
If you wish to join the litigation or to discuss your rights or interests regarding this class action, please contact plaintiff's counsel, Laurence Rosen, Esq. or Phillip Kim 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 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