BENSALEM, March 20, 2007 (PRIME NEWSWIRE) -- Law Offices of Howard G. Smith announces an April 27, 2007, deadline to move to be a lead plaintiff in the securities class action lawsuit filed on behalf of shareholders who purchased the common stock of Openwave Systems, Inc. ("Openwave" or the "Company") (Nasdaq:OPWV) between September 30, 2002 and October 26, 2006, inclusive (the "Class Period"). The shareholder lawsuit is pending in the United States District Court for the Southern District of New York.
The Complaint alleges that defendants violated federal securities laws by issuing a series of material misrepresentations to the market during the Class Period concerning the Company's financial performance, thereby artificially inflating the price of Openwave securities.
No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased Openwave common stock between September 30, 2002 and October 26, 2006, you have certain rights, and have 38 days remaining -- until April 27, 2007 -- in which to move for Lead Plaintiff status. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215)638-4847, Toll-Free at (888)638-4847, by email to howardsmithlaw@hotmail.com or visit our website at www.howardsmithlaw.com.
More information on this and other class actions can be found on the Class Action Newsline at http://www.primenewswire.com/ca.