<p align= justify >According to a law firm press release, the complaint charges that Syntax-Brillian, its CEO and (now former) CFO misled shareholders through false statements about the company’s business prospects, operations, demand for the company’s products, and adequacy of internal controls.</p> <p align= justify >Defendant Syntax-Brillian Corporation is a designer, developer and distributor of high definition televisions (HDTVs) in liquid crystal display (LCD) and liquid crystal silicon (LCoS) formats. The Company’s HDTVs operate under the brand name Olevia. In November 2006, Syntax acquired Vivitar Corporation. In the past two years, 2006-2007, it has reported explosive growth due largely to reportedly increased sales to a Chinese distributor South China House of Technology. The complaint alleges that throughout 2007, up to late August, the Company and defendants issued a series of increasingly bullish statements about the Company’s sales and revenues and prospects and also selling stock on two occasions in the midst of the bullish revenue and profit guidance statements. Plaintiffs allege that Syntax stock price was buoyed by these statements in the $6-$7 range allowing Syntax to sell hundreds of millions of dollars of stock. On September 13, 2007, after disclosure of previously concealed omitted facts, including a failure of adequate accounting systems and an approximately 35% shortfall in previously anticipated revenues, the price of Syntax stock fell over 30% causing loss and damage to all purchasers of Syntax stock on the open market.</p>