mail@shareholdersfoundation.com
An investor in SIEMENS A G ADR (NYSE: SI) filed a lawsuit in the United States District Court for the Eastern District of New York on behalf of purchasers Siemens AG (ADR) (Public, NYSE:SI) stock during the period between November 8, 2007, through April 30, 2008 over alleged violations of the federal securities laws by Siemens AG.
If you purchased Siemens AG (ADR) (Public, NYSE:SI) stock during the period between November 8, 2007, through April 30, 2008 , you have certain options and there are strict and short deadlines running. Deadline: February 5, 2010. Those SI investors should contact the Shareholders Foundation, Inc. at:
Email: mail@shareholdersfoundation.com or at: +1 (858) 779 – 1554
According to the complaint the plaintiff alleges that Siemens AG violated the Securities Exchange Act of 1934 by issuing between November 8, 2007, through April 30, 2008, materially false and misleading statements concerning its ability to generate revenues and achieve earnings expectations once it had put an end to systemic and extensive fraud, bribery and other illegal and corrupt activities in order to obtain contracts or retain business. As the truth was revealed, Siemens shares declined, causing damages of billions of dollars to Siemens shareholders.
Siemens AG, located in Munich, Germany, is engaged in electronics and electrical engineering. The Company is an integrated technology company with core activities in the fields of industry, energy and healthcare. Siemens operates in six segments: Industry, Energy, Healthcare, Equity Investments, Siemens IT Solutions and Services and Siemens Financial Services. Siemens AG reported in 2007 Total Revenue of $77.327billion with a Net Income of $5.725billion and in 2008 Total Revenue of $76.651billion with a Net Income of $2.292billion. Shares of Siemens AG (ADR: SI) traded recently at $89.68 per share, down from its 52weekHigh of $103.08 per share, $119 per share in August 08, and over $150 per share in the beginning of 2008.
Those who purchased Siemens AG (ADR) (Public, NYSE:SI) stock during the period between November 8, 2007, through April 30, 2008 , have certain options and there are strict and short deadlines running. Deadline: February 5, 2010. Those SI investors should contact the Shareholders Foundation, Inc. at:
Email: mail@shareholdersfoundation.com or at: +1 (858) 779 – 1554
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423 -
92108 San Diego
Tel:+1-(858)-
Fax:+1-(858)-
mail@shareholdersfoundation.com
www.ShareholdersFoundation.com
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