Kendall Law Group Investigating STEC, Inc. for Shareholders
November 06 2009 - 3:32PM
Business Wire
Kendall Law Group, founded by a former federal judge, today
began an investigation on behalf of STEC, Inc. (NASDAQ: STEC)
shareholders. The investigation concerns possible securities
violations regarding false and misleading public statements made by
the company between August 3, 2009 and November 3, 2009.
The firm’s investigation is based on STEC’s November 3, 2009
announcement that one of its largest customers will be carrying
2009 inventory over into 2010, which could affect STEC’s 2010 first
quarter results. This customer accounts for 90% of STEC’s Zeus IOPS
SSD business and placed a $120 million order for the second half of
2009. On this news, STEC stock dropped nearly 39% to close at
$14.14 on unusually heavy volume on November 4, 2009.
If you are a current holder of STEC stock and would like more
information about your rights as a shareholder, contact attorney
Hamilton Lindley at 877-744-3728 or by email at
hlindley@kendalllawgroup.com.
Kendall Law Group has nationwide experience representing
investors in securities class actions. Lawyers at the firm include
a former Dallas state and federal judge, a former United States
Attorney, in addition to experienced securities lawyers.
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