BENSALEM, Pa., Dec. 24, 2008 (GLOBE NEWSWIRE) -- Law Offices of Howard G. Smith announces that it is investigating potential claims against EMCORE Corporation ("EMCORE" or the "Company") (Nasdaq:EMKR), concerning possible securities violations in relation to public statements made by the Company between June 12, 2007 and March 17, 2008. The investigation focuses on reports that EMCORE's largest customer, which accounted for $78 million of EMCORE's $86 million order backlog in terrestrial solar technology, would not be able to afford to pay for its orders or otherwise complete its agreements with EMCORE. On this news, the price of EMCORE's stock declined $2.05, more than 23%, to close at $6.78 on March 18, 2008.
If you purchased EMCORE's common stock between June 12, 2007 and March 17, 2008, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement 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, or by email to howardsmith@howardsmithlaw.com.