Contact Information: Contact: Lewis Kahn Kahn Gauthier Swick, LLC 1-866-467-1400, ext. 100 Lewis.kahn@kgscounsel.com
INVESTOR ALERT: KGS Notifies GT Solar International, Inc. Shareholders -- Particularly With Losses Over $100,000 -- That They Have Until September 30, 2008 to File Lead Plaintiff Application in Securities Class Action Lawsuit -- SOLR
| Source: Kahn Gauthier Swick, LLC
NEW ORLEANS, LA--(Marketwire - August 2, 2008) - Kahn Gauthier Swick, LLC ("KGS") reminds
shareholders that September 30, 2008 is the deadline to file lead plaintiff
applications in a securities class action pending in the United States
District Court for the District of New Hampshire, on behalf of shareholders
who purchased the common stock of GT Solar International, Inc. ("GT Solar"
or the "Company") (NASDAQ : SOLR ) in connection with the Company's Initial
Public Offering ("IPO") on or about July 23, 2008, or who purchased shares
thereafter in the open market. No class has yet been certified in this
action.
If you would like to discuss your legal rights, you may e-mail or call KGS
Managing Partner Lewis Kahn, without obligation or cost to you, toll free
1-866-467-1400, ext. 100, via cell phone after hours at 504-301-7900, or by
email at lewis.kahn@kgscounsel.com.
GT Solar and certain of its officers and directors, and the Company's
underwriters -- collectively, "defendants" -- are charged with including,
or allowing the inclusion of, materially false and misleading statements in
the Registration Statement and Prospectus issued in connection with the
IPO, in violation of the Securities Act of 1933. In particular, the
complaint alleges that GT Solar failed to disclose the extent of risk
surrounding its business relationship with LDK Solar Co., LTD. On July 25,
2008, within days of the IPO, LDK announced that it had signed a contract
with a competitor of GT Solar. On this news, GT Solar's shares declined to
a low of $9.30, closing at $12.59 per share on July 25, 2008.
If you wish to serve as lead plaintiff in this class action lawsuit, you
must move the Court no later than September 30, 2008. Any member of the
putative class may move the Court to serve as lead plaintiff through
counsel of their choice, or may choose to do nothing and remain an absent
class member. If you would like to discuss your legal rights, you may
e-mail or call KGS Managing Partner Lewis Kahn, without obligation or cost
to you, toll free 1-866-467-1400, ext. 100, after hours via cell phone
504-301-7900, or by email at lewis.kahn@kgscounsel.com. To learn more
about KGS, you may visit www.kgscounsel.com. KGS is a law firm focused on
securities class action litigation with offices in New Orleans and New York
City.
KGS' lawyers have significant experience litigating complex securities
class actions. Among other cases, KGS has been appointed Lead or Co-Lead
Counsel in the following securities cases: In re: U.S. Auto Parts Networks,
Inc. Securities Litigation, C.D. Cal.; In re Optionable, Inc. Securities
Litigation, S.D.N.Y.; In re Xethanol Corporation Securities Litigation,
S.D.N.Y.; Pixelplus Co. Ltd., S.D.N.Y.; In re Witness Systems Inc.
Securities Litigation, N.D. Ga.; Whitney Information Network, M.D. Fla.;
Bodisen Biotech, Inc., S.D.N.Y.; Pegasus Wireless Corp., S.D. Fla.; In re
Xinhua Finance Media, Ltd. Securities Litigation, S.D.N.Y.; Terayon Comm.
Systems Inc., N.D. Cal.; Gaming Partners, D. Nev.; and In re BigBand
Networks, Inc. Securities Litigation, N.D. Cal.
SPECIAL NOTICE: KGS encourages you to carefully evaluate any firm you may
consider to represent your interests in the GT Solar class action. The
Private Securities Litigation Reform Act ("PSLRA") permits GT Solar
shareholders to choose counsel of their choice to prosecute this action.
Critical components of a law firm's ability to successfully prosecute this
action and obtain a strong recovery for you include the resources it will
dedicate to prosecution of the case, including the number of lawyers the
firm has available for the GT Solar action in particular, AND especially
the quality of the firm's work. Interested shareholders are encouraged to
call for consultation and to request more information about KGS. While KGS
has not filed suit yet, the firm is currently conducting its own
investigation of GT Solar and invites shareholders to evaluate its
complaint when choosing counsel.