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Alvarion Limited (NASDAQ: ALVR) Investor Securities Class Action Lawsuit 01/19/2007

  • If you purchased shares of Alvarion Limited (NASDAQ: ALVR), you might have certain options and should contact the Shareholders Foundation, Inc.

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Lawsuit Overview

Case Dismissed
Company
Alvarion Limited
Security
NASDAQ: ALVR

Case Name
Alvarion Limited Shareholder Class Action Lawsuit 01/19/2007
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the Northern District of California

Class Period Begin
Class Period End
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Summary

January 24, 2008 - The court granted the dismissal.
January 23, 2008 - The lead plaintiffs filed a stipulation of dismissal without prejudice of this and all the consolidated actions.

April 9, 2007 - Lead plaintiff motions were filed.

January 19, 2007 - An investor in shares of Alvarion Limited (NASDAQ: ALVR) filed a lawsuit in the U.S. District Court for the Northern District of California against Alvarion Limited over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between November 3, 2004 and May 12, 2006.

The complaint alleges that Alvarion Limited failed to state that sales to the customer would not continue to provide substantial revenues to the company and that Alvarion Limited violated US Federal Securities Laws.