Daktronics, Inc. faces a pending lawsuit on behalf of purchasers of the common stock of Daktronics, Inc. common stock during the period from November 15, 2006 to April 5, 2007. Meanwhile an investigation on behalf of current long term investors in Daktronics, Inc. (Public, NASDAQ:DAKT), including those who purchased their DAKT shares as early as 2007 and continue to hold the DAKT shares, over possible shareholder claims was announced.

Daktronics, Inc., located in Brookings, SD, is a supplier of electronic scoreboards, large electronic display systems and related marketing services, digital messaging solutions and software and services for sports venues, commercial and transportation applications. An investor of Daktronics Inc. (NASDAQ: DAKT) has filed a proposed class action lawsuit in the United States District Court for the District of South Dakota on behalf of purchasers of Daktronics Inc. (NASDAQ: DAKT) common stock during the period between November 15, 2006 and April 5, 2007 over alleged violations of Securities Laws by issuing false and misleading statements. Then on April 5, 2007, after the markets closed, Daktronics Inc issued a press release revising its fiscal fourth quarter 2007 estimates and giving its initial order growth guidance for fiscal year 2008. Upon this news, so the lawsuit, the price of Daktronics common stock (DAKT) fell $5.78 per share, or approximately 20%, to close at $22.13 per share. Shares of Daktronics Inc. (NASDAQ: DAKT) traded recently at $8.17 per share, down from its 52weekHigh of $9.88 per share, over $20 per share in 2008, over $37 per share in 2007, and almost $39 per share in 2006.