Alvarion Limited Case 01/19/2007

 

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Company Name(s): 
Alvarion Limited
Case Name: 
Alvarion Limited Case 01/19/2007
Case Status: 
Lawsuit filed
Affected Securities
NASDAQ: ALVR
Lawsuit Overview
Type of Lawsuit: 
Class Action
Date Filed: 
01/19/2007
Class Period Begin: 
11/03/2004
Class Period End: 
05/12/2006
Summary: 

The purported class action complaint filed against the Company and certain officers and directors of the Company alleges that in certain public statements regarding its business with a customer that accounted for significant revenues during 2004, the Company failed to state that sales to the customer would not continue to provide substantial revenues to the Company, and on that basis the complaint asserts violations of U.S. Federal Securities laws.