Investor Notice: The Rosen Law Firm Announces Investigation of Securities Claims Against Harris Stratex Networks, Inc.
Aug 1, 2008 20:46:59 (ET)
NEW YORK, Aug 1, 2008 (PrimeNewswire via COMTEX) -- Attorney Advertising. The Rosen Law Firm announces that it is investigating potential civil securities claims against Harris Stratex Networks, Inc. ("Harris Stratex" or the "Company") (HSTX, Trade ) concerning allegations that Harris Stratex issued materially false and misleading statements about its financial condition prior to and following its formation in early 2007 through the date of the merger of Stratex and the Harris Microwave Communications Division.
On July 30, 2008 the Company announced that it discovered accounting errors which rendered its previously issued financial statements to be incorrect. According to the announcement, the Company expects that the errors would cause previously reported pre-tax income to be reduced by $18 million to $25 million. Thus, the Company announced that its prior financial statements for the first three quarters of fiscal 2008 and the fiscal years 2005-2007 should no longer be relied upon.
As a result of these adverse disclosures, the Rosen Law Firm is investigating potential claims against Harris Stratex for violation of the of the federal securities laws.
If you purchased Harris Stratex stock anytime since it began trading in early 2007 through and including July 30, 2008; or became a shareholder of the Company by virtue of the merger of Stratex and the Harris Microwave Communications Division, and would like further information concerning your legal rights, please contact Laurence Rosen, Esq. or Phillip Kim, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at lrosen@rosenlegal.com or pkim@rosenlegal.com.
You may access the website at rosenlegal.com to contact the Rosen Law Firm for additional information.
Attorney advertising. Prior results do not guarantee a similar outcome.
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SOURCE: The Rosen Law Firm PA PC
The Rosen Law Firm P.A.
Laurence Rosen, Esq.
lrosen@rosenlegal.com
Phillip Kim, Esq.
pkim@rosenlegal.com
(212) 686-1060
Weekends Tel: (917) 797-4425
Toll Free: 1-866--767-3653
Fax: (212) 202-3827
www.rosenlegal.com
350 5th Avenue, Suite 5508
New York, New York 10118 |
