According to a press release a law firm is currently on behalf MEMC Electronic Materials (NYSE: WFR) investors investigating MEMC Electronic Materials for potential violations of the federal securities laws.

According to the press release the investigation focuses on potential violations of the federal securities laws by MEMC Electronic Materials. On July 23, 2008, after the close of trading, MEMC disclosed its financial results for the second-quarter which missed Wall Street forecasts and the Company issued a cautious outlook for the third quarter, so the investigation. MEMC reported income, without one-time items, of $0.92 per share and analysts polled by Thomson Financial forecast earnings of $1 a share on average. MEMC trimmed its 2008 earnings guidance to a range of $4 to $4.30 per share from $4.50 to $4.60 per share, so the investigation, and then on July 24, 2008, MEMC shares declined $11.57 per share or approximately 22% on heavier than usual volume.