LOS ANGELES, Nov. 16, 2005 (PRIMEZONE) -- Notice is hereby given by Glancy Binkow & Goldberg LLP that a Class Action lawsuit was filed in the United States District Court for the Central District of California on behalf of a class (the "Class") consisting of all persons or entities who purchased or otherwise acquired securities of Interlink Electronics Inc. ("Interlink" or the "Company") (Nasdaq:LINK) between April 24, 2003 and November 1, 2005 (the "Class Period").
A copy of the Complaint is available from the court or from Glancy Binkow & Goldberg LLP. Please contact us by phone to discuss this action or to obtain a copy of the Complaint at (310) 201-9150 or Toll Free at (888) 773-9224, by email at info@glancylaw.com, or visit our website at www.glancylaw.com.
The Complaint charges Interlink and certain of the Company's executive officers with violations of federal securities laws. Among other things, plaintiff claims that defendants' material omissions and dissemination of materially false and misleading statements concerning Interlink's financial performance caused the Company's stock price to become artificially inflated, inflicting damages on investors. Interlink develops, manufactures, markets, and sells intuitive interface devices and components, such as wireless remote controls, for business and home applications. The Complaint alleges that defendants made repeated Class Period representations concerning the Company's performance and prospects which were materially false and misleading as a result of the Company's improper accounting practices and weak accounting controls.
On March 9, 2005, Interlink publicly announced it would restate its financial results for the first three quarters of 2004 to correct several instances of improper accounting. Then, on November 2, 2005, Interlink shocked investors by announcing it was again restating its financial statements -- this time for all of 2003 and 2004 and for the first two quarters of 2005 -- wiping out previously reported earnings. This news sent Interlink shares plummeting in value by 40%.
Plaintiff seeks to recover damages on behalf of Class members and is represented by Glancy Binkow & Goldberg LLP, a law firm with significant experience in prosecuting class actions, and substantial expertise in actions involving corporate fraud.
If you are a member of the Class described above, you may move the Court, not later than January 17, 2006, to serve as lead plaintiff, however, you must meet certain legal requirements. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1801 Avenue of the Stars, Suite 311, Los Angeles, California 90067, by telephone at (310) 201-9150 or Toll Free at (888) 773-9224 or by e-mail to info@glancylaw.com.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca