Holzer Holzer & Fistel, LLC Announces That It Has Filed a Class Action Lawsuit …
Holzer Holzer & Fistel, LLC Announces That It Has Filed a Class Action Lawsuit on Behalf of Investors in Blue Coat Systems, Inc.
Date: 26 September 2011
Contributed by Marketwire
Holzer Holzer & Fistel, LLC announces that it has filed a class action lawsuit in the United States District Court for the Northern District of California on behalf of purchasers of Blue Coat Systems, Inc. (“Blue Coat” or the “Company”) (NASDAQ: BCSI) common stock who purchased shares between November 24, 2009 and May 27, 2010, inclusive (the “Class Period”). Specifically, the lawsuit alleges that, among other things, the Company overstated demand for its products in its European markets throughout the Class Period. The lawsuit further alleges the Company concealed difficulties it was facing maintaining customers after the initial installation of its products.
If you purchased BCSI common stock during the Class Period, you have the legal right to petition the Court to be appointed a “lead plaintiff.” A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. Any such request must satisfy certain criteria and be made no later than October 31, 2011. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. If you are a Blue Coat investor and would like to discuss a potential lead plaintiff appointment, or your rights and interests with respect to the lawsuit, you may contact Michael I. Fistel, Jr., Esq., or Marshall P. Dees, Esq. via email at mfistel@holzerlaw.com, or mdees@holzerlaw.com, or via toll-free telephone at (888) 508-6832.
Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm.
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Filed under Class Action by on Nov 16th, 2011. 