NEW YORK, May 24, 2013 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. reminds investors of the important June 14, 2013 lead plaintiff deadline in the class action lawsuit on behalf of investors who purchased the securities of Exide Technologies (XIDE) between February 9, 2012 and April 3, 2013, inclusive (the "Class Period").
To join the Exide class action, visit the firm's website at http://rosenlegal.com, or call Phillip Kim, Esq. or Jonathan Horne, Esq. toll-free, at 866-767-3653; you may also email pkim@rosenlegal.com or jhorne@rosenlegal.com for information on the class action.
The Complaint alleges that defendants failed to disclose that: (a) Exide was polluting the environment with potentially fatal levels of arsenic, and exposing almost 110,000 residents near its Vernon, California battery recycling facility to dangerously high levels of pollutants; (b) based on actual and projected revenues and expenses Exide would not be able to meet its debt repayment obligations and other pledges and promises under its debt agreements and indentures. The lawsuit claims that when the market learned of this information the value of Exide securities dropped, damaging investors.
If you wish to serve as lead plaintiff, you must move the Court no later than June 13, 2013. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Jonathan Horne, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at jhorne@rosenlegal.com. You may also visit the firm's website at http://www.rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.