DENVER, May 21, 2008 (PRIME NEWSWIRE) -- The law firm of Dyer & Berens LLP (www.berenslaw.com) announced today that it has initiated an investigation concerning losses suffered by certain purchasers of NexCen Brands, Inc. ("NexCen" or the "Company") (Nasdaq:NEXC) common stock.
On May 19, 2008, NexCen first announced that there was "substantial doubt" about its ability to continue as a going concern and that substantial doubt may have existed at the time it filed its annual report in March 2008. Moreover, it first disclosed that a bank credit facility, entered into in January 2008, required it to repay $30 million by October 2008. In response to these belated disclosures, the price of NexCen stock plummeted more than 75%.
If you have information relevant to the investigation, or if you are an investor that purchased NexCen stock between January 30, 2008 and May 16, 2008, you may contact Jeffrey A. Berens, Esq. at 1-888-300-3362 or via email at jeff@dyerberens.com.
Dyer & Berens LLP specializes in complex class action litigation on behalf of injured investors throughout the nation. The firm's extensive experience in securities litigation, particularly in cases brought under the Private Securities Litigation Reform Act, has contributed to the recovery of hundreds of millions of dollars for aggrieved investors. Its attorneys have served as lead or liaison counsel in many securities fraud class actions, including: In re Qwest Comm'ns Int'l Sec. Litig.; Croker v. Carrier Access Corp.; UFCW Local 880-Retail Employers Joint Pension Fund v. Newmont Mining Corp.; Rasner v. FirstWorld Comm'ns, Inc.; In re ICG Comm'ns Sec. Litig.; Angres v. Smallworldwide, PLC; In re Ultimate Electronics, Inc. Sec. Litig.; Kerns v. SpectraLink Corp.; Queen Uno Ltd. v. Coeur d'Alene Mines Corp.; Toothman v. One-Stop Wireless of America; and In re Tele-Communications, Inc. Sec. Litig.