NEW YORK, June 15, 2010 (GLOBE NEWSWIRE) -- The Brualdi Law Firm, P.C. announces that it has filed a lawsuit in the United States District Court for the District of Connecticut on behalf of holders of Axsys Technologies, Inc. ("Axsys" or the "Company") (formerly traded on NASDAQ under the symbol "AXYS") stock during the period between June 9, 2009 and September 2, 2009, inclusive (the "Class Period"), for violations of the federal securities laws.
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 held Axsys common stock during the Class Period and wish to move the court for appointment of lead plaintiff, you must do so by August 16, 2010. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the Company during the Class Period. You do not need to seek appointment as a lead plaintiff in order to share in any recovery.
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 David Titus at The Brualdi Law Firm, P.C. 29 Broadway, Suite 2400, New York, New York 10006, by telephone toll free at (877) 495-1187 or (212) 952-0602, by email to dtitus@brualdilawfirm.com or visit our website at http://www.brualdilawfirm.com.
The complaint alleges that the Company made false and misleading statements in a proxy statement that it filed with the Securities and Exchange Commission and mailed to Axsys shareholders in connection with the sale of Axsys to General Dynamics Advanced Information System and General Dynamics Corporation.
The Brualdi Law Firm, P.C. is a New York, New York-based law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, with a particular emphasis on sophisticated class action litigation in the securities and antitrust areas, as well as corporate derivative suits. More information about the firm is available through its website, www.brualdilawfirm.com, and upon request from the firm.
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