A settlement was reached in the lawsuit filed on behalf of certain investors of American Depositary Shares of Vestas Wind Systems (OTC: VWDRY) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on: December 29, 2014. OTC: VWDRY investors should contact the Shareholders Foundation or send an email to mail@shareholdersfoundation.com
San Diego, CA -- (SBWIRE) -- 11/19/2014 -- A deadline is coming up on December 29, 2014 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of Vestas Wind Systems (OTC: VWDRY) between February 11, 2009 through February 9, 2012.
If you invested a significant amount of American Depositary Shares of Vestas Wind Systems (OTC: VWDRY) between February 11, 2009 through February 9, 2012, you have certain options and you should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The settlement proof of claim form or detailed settlement notice for the settlement in the Vestas Wind Systems (OTC: VWDRY)Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/vestas-wind-systems-american-depositary-shares-otc-vwdry-and-common-shares-otc-vwsyf-investor-s
In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is December 29, 2014. The class action administrator for this case is Gilardi & Co LLC.
The lawsuit was originally filed in in the U.S. District Court for the District of Colorado against Vestas Wind Systems A/S over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between October 27, 2009 and October 25, 2010.
The complaint alleges that between October 27, 2009 and October 25, 2010, Vestas Wind Systems A/S issued materially false and misleading statements regarding Vestas Wind Systems A/S’s financial revenues and earnings, as well as its fiscal year 2010 financial guidance. As a result of defendants’ false and misleading statements regarding Vestas Wind Systems A/S’s financial performance and outlook, Vestas’ American Depository Shares and ordinary shares traded at artificially inflated prices throughout the time specified in the complaint, reaching a high of $26.00 and $78.05 per share, respectively, on November 9, 2009.
Those who purchased American Depositary Shares of Vestas Wind Systems (OTC: VWDRY) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com