Class Action Lawsuit Against Arotech Corp.
A lawsuit seeking class action status has been commenced in the United States District Court for the Eastern District of Michigan on behalf of all persons who purchased or otherwise acquired the publicly traded securities of Arotech Corp. between March 31, 2005 and November 14, 2005.
The lawsuit alleges that Arotech and certain of its officers and directors violated Federal Securities laws and misrepresented that Arotech would meet or exceed guidance and could foreseeably achieve sustained year-over-year quarterly revenue growth as high as 40%.
If you are a member of the class, you may, no later than June 5, 2007, request that the Court appoint you as lead plaintiff of the class.
Filed under Class Action, General Law
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