LOS ANGELES, Sept. 19, 2014 (GLOBE NEWSWIRE) -- Stull, Stull & Brody filed a class action lawsuit on behalf of all shareholders who owned stock of Flow International Corporation ("Flow") on November 14, 2013 against Flow and its Board of Directors in the United States District Court for Western District of Washington.
The complaint charges that defendants violated Sections 14(a) and 20(a) of the Securities Exchange Act of 1934, and SEC Regulation 14a-9, by soliciting shareholder approval for a going private transaction by way of a false and misleading proxy and supplemental proxy, causing injury to Plaintiff and the Class.
Plaintiff seeks to recover damages on behalf of class members and is represented by the law firm of Stull, Stull & Brody, which has significant experience and expertise in prosecuting class actions on behalf of investors and shareholders.
If you are a member of the class described above, you may, no later than November 18, 2014, move the Court to serve as lead plaintiff, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements.
A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Stull, Stull & Brody, or other counsel of your choice, to serve as your counsel in this action. Stull, Stull & Brody has litigated many class actions for violations of securities laws in federal courts over the past 30 years and has obtained court approval of substantial settlements on numerous occasions. Stull, Stull & Brody maintains offices in New York and Los Angeles.
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 Patrice L. Bishop at 888-388-4605 or via e-mail at info@ssbla.com. You can also visit our website at www.ssbny.com.