Published:
Holzer Holzer & Fistel, LLC Announces That a Shareholder Class Action Lawsuit Has Been Filed Against Hardinge, Inc. (NASDAQ: HDNG)
A shareholder class action lawsuit has been
filed in the United States District Court for the Western District of New
York against certain officers and directors of Hardinge, Inc. ("Hardinge"
or the "Company") (NASDAQ: HDNG) on behalf of purchasers of Hardinge stock
who purchased between February 22, 2007 and February 21, 2008.
The lawsuit alleges the defendants violated the Securities Exchange Act of
1934 by making false and misleading public statements concerning the
Company's financial condition. Specifically, the complaint alleges the
defendants failed to disclose that the Company was experiencing slowing
sales due to outdated machinery and failed to timely record an impairment
in the value of Hardinge's inventory.
If you are a purchaser of Hardinge common stock during the Class Period,
you have the legal right to petition the Court to be appointed a "lead
plaintiff." A lead plaintiff is a representative party that acts on behalf
of other class members in directing the litigation. Any such request must
satisfy certain criteria and be made within 60 days from October 29, 2008.
Any member of the purported 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. If you are a Hardinge investor and would
like to discuss a potential lead plaintiff appointment, or your rights and
interests with respect to the lawsuit, you may contact Michael I. Fistel,
Jr., Esq., or Marshall P. Dees, Esq. via email at mfistel@holzerlaw.com, or
mdees@holzerlaw.com, or via toll-free telephone at (888) 508-6832.
Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates
its practice to vigorous representation of shareholders and investors in
litigation nationwide, including shareholder class action and derivative
litigation. More information about the firm is available through its
website, www.holzerlaw.com and upon request from the firm. Holzer Holzer &
Fistel, LLC has paid for the dissemination of this promotional
communication, and Michael I. Fistel, Jr. is the attorney responsible for
its content.
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