SHAREHOLDER ALERT: Investigation on Behalf of NetSol Technologies, Inc. Investors Announced by Law Offices of Howard G. Smith
August 19 2014 - 10:32AM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims on behalf of investors of NetSol
Technologies, Inc. (“NetSol” or the “Company”) (NASDAQ:NTWK). The
investigation concerns possible violations of federal securities
laws and focuses on the Company’s business and financial
prospects.
NetSol designs, develops, markets and exports software products
primarily to the automobile finance and leasing, banking,
healthcare and financial services industries worldwide. The
investigation is related to allegations that the Company’s
statements misrepresented its business and financial prospects, for
the following reasons:
- NetSol's next generation product was
not expected to be completed when promised by the Company.
- Relevant potential customers had not
been expressed interest in the next generation solution.
- NetSol did not expect future growth
through increased revenues from both the current version and the
next generation of its NetSol Financial Suite and did not have a
reasonable basis for stating that its target customers were
planning to replace their legacy systems, or that NetSol was
positioned to gain new business from these companies.
If you purchased NetSol shares between November 12, 2009 and
November 8, 2013, if you have information or would like to learn
more about these claims, or if you have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at www.howardsmithlaw.com.
Law Offices of Howard G. SmithHoward G. Smith, Esquire(215)
638-4847(888)
638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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