Class Action Lawsuit Filed Against Alvarion
A class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of shareholders who purchased the common stock Alvarion, Ltd. between November 3, 2004 and May 12, 2006, seeking to pursue remedies under the Securities Exchange Act of 1934.
The Complaint alleges that defendants violated federal securities laws by issuing a series of material misrepresentations to the market, thereby artificially inflating the price of Alvarion.
No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased this stock during the above referenced class period you have certain rights. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice.
Filed under Class Action, General Law
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