NEW YORK, July 29, 2014 (GLOBE NEWSWIRE) -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the District of New Jersey on behalf of investors who purchased Ocean Power Technologies, Inc. ("OPTT" or the "Company") (Nasdaq:OPTT) common stock between January 14, 2013 and June 9, 2014.
Click here to learn about the case: http://docs.wongesq.com/OPTT-Info-Request-Form-329.There is no cost or obligation to you.
The complaint alleges that throughout the Class Period defendants made materially false and misleading statements and/or omitted materially adverse facts regarding the Company's business, operations, and prospects.
On June 10, 2014, Ocean Power disclosed that its Chief Executive Officer, Charles F. Dunleavy, was terminated, and that the Board of Directors had appointed a Special Committee to investigate an agreement between Victorian Wave Partners and the Australian Renewable Energy Agency. Shares of Ocean Power fell from a close of $2.47 per share on June 9, 2014, to a recent close of just $1.21 per share on July 28, 2014.
If you suffered a loss in OPTT you have until August 12, 2014 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Vincent Wong, Esq. either via email email@example.com, by telephone at 212.425.1140, or visit http://docs.wongesq.com/OPTT-Info-Request-Form-329.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Vincent Wong, Esq.39 East Broadway
New York, NY 10002
Source: The Law Offices of Vincent Wong