PITTSBURGH, Oct. 4, 2013 /PRNewswire/ -- Notice is
hereby given by the Law Office of Alfred G.
Yates Jr., P.C. that a class action has been filed in the
United States District Court for the Northern District of
California on behalf of purchasers
of ECOtality, Inc. ("ECOtality") (NASDAQ: ECTY) common stock during
the period between April 16, 2013 and
August 9, 2013 (the "Class
Period").
If you wish to serve as lead plaintiff, you must move the Court
no later than October 15, 2013.
If you wish to discuss this action or have any questions concerning
this notice or your rights or interests, please contact plaintiff's
counsel, Alfred G. Yates Jr., at
1-800-391-5164, toll free, or at yateslaw@aol.com by e-mail. Please
visit http://yatesclassactionlaw.com. Any member of the putative
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.
The complaint charges ECOtality and certain of its officers and
directors with violations of the Securities Exchange Act of
1934.
The complaint alleges that during the Class Period, defendants
issued false and misleading statements regarding the Company's
business and future prospects. Specifically, the complaint
alleges that defendants concealed due to design and manufacturing
defects, some of ECOtality's charging systems had been causing
overheating and even the melting of connector plugs when charging
vehicles.
On August 12, 2013, the price of
ECOtality common stock, which had traded as high as $2.40 per share in intraday trading during the
Class Period, plummeted more than 87% from that level to close at
$0.30 per share.
Plaintiff seeks to recover damages on behalf of all purchasers
of ECOtality common stock during the Class Period (the
"Class").
The firm is also investigating actions on behalf of shareholders
for the following companies: The Active Network, Inc. (NYSE: ACTV),
BioScrip Inc. (Nasdaq: BIOS), Boise Inc. (NYSE: BZ), Edgen Group
Inc. (NYSE: EDG), Francesca's Holdings Corporation (Nasdaq: FRAN),
JPMorgan Chase & Co. (NYSE: JPM), Lumber Liquidators Holdings,
Inc. (NYSE: LL), Urban Outfitters Inc. (Nasdaq: URBN), Verenium
Corporation (Nasdaq: VRNM), Zoltek Companies Inc. (Nasdaq:
ZOLT).
If you are a shareholder of any of the above companies and wish
learn more about any of the investigations or have any questions,
please contact Alfred G. Yates Jr.,
Esquire at 1-800-391-5164, toll free, or at yateslaw@aol.com
by e-mail. Please visit http://yatesclassactionlaw.com.
Contact:
Alfred G. Yates, Jr.
(412) 391-5164 or Toll Free:
1(800) 391-5164, fax (412) 471-1033
website: http://yatesclassactionlaw.com
email: yateslaw@aol.com
SOURCE Law Office of Alfred G. Yates
Jr., P.C.