|By Marketwired .||
|August 22, 2014 09:38 PM EDT||
NEW YORK, NY--(Marketwired - August 22, 2014) - Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in NetSol Technologies, Inc. ("NetSol" or the "Company") (NASDAQ: 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.
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 [email protected]. 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.
Telephone: (877) 247-4292 or (212) 983-9330
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