NEW YORK, Sept. 5, 2014 /PRNewswire-USNewswire/ -- Faruqi
& Faruqi, LLP, a leading national securities law firm, reminds
investors in NetSol Technologies, Inc. ("NetSol" or the "Company")
(NasdaqCM: NTWK) of the September 23,
2014 deadline to seek the role of lead plaintiff in a
federal securities class action lawsuit filed against NetSol and
certain.
A complaint has been filed in the United States District Court
for the Central District of California on behalf of all persons who
purchased or acquired NetSol securities between November 12, 2009 and November 8, 2013, inclusive (the "Class
Period").
The complaint alleges that the Company and its executives
violated federal securities laws with respect to its disclosures
concerning its business, operations, and prospects.
Specifically, the action alleges that during the Class Period,
the Company failed to disclose that NetSol's next generation
product was not expected to be completed when promised by the
Company and had not commanded serious interest from NetSol's
customers.
On November 8, 2013, NetSol issued
a press release announcing quarterly results for the period ending
September 30, 2013. The Company
disclosed a material increase in expenses and a material decrease
in earnings and revenue.
Following this news, the price of NetSol stock declined by
$2.25, or roughly 30%, to close at
$5.23 on November 8, 2013.
Request more information now by clicking here:
www.faruqilaw.com/NTWK. There is no cost or obligation to
you.
Take Action
If you invested in NetSol stock or options between November 12, 2009 and November 8, 2013 and would like to discuss your
legal rights, visit www.faruqilaw.com/NTWK. You can also
contact us by calling Richard
Gonnello toll free at 877-247-4292 or at 212-983-9330 or by
sending an e-mail to rgonnello@faruqilaw.com. Faruqi &
Faruqi, LLP also encourages anyone with information regarding
NetSol's conduct to contact the firm, including whistleblowers,
former employees, shareholders and others.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The
firm is focused on providing exemplary legal services in complex
litigation in the areas of securities, shareholder, antitrust and
consumer litigation, throughout all phases of litigation. The
firm has an experienced trial team which has achieved significant
victories on behalf of the firm's clients. To keep track of the
latest securities litigation news, follow us on Twitter at
www.twitter.com/MergerActivity or on Facebook at
www.facebook.com/FaruqiLaw.
Attorney Advertising. The law firm responsible for this
advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or
predict a similar outcome with respect to any future matter.
We welcome the opportunity to discuss your particular case.
All communications will be treated in a confidential manner.
FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello,
Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330
Logo -
http://photos.prnewswire.com/prnh/20120119/MM38856LOGO
SOURCE Faruqi & Faruqi, LLP