Active Power, Inc. Faces Investor Investigation Over Possible Securities Laws Violations

If you purchased shares of Active Power, Inc. (NASDAQ:ACPW), and / or if you have any information relating the investigation including those who are former employees or/and whistleblowers, you may have certain options and you should contact the Shareholders Foundation, Inc.

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Company Name(s): 
Active Power
Affected Securities: 

San Diego, Oct. 21, 2011 (Shareholders Foundation) -- After ACPW shares fell significantly an investigation on behalf of investors in shares of Active Power, Inc. (NASDAQ: ACPW) over possible Violations of Federal Securities Laws was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Active Power (NASDAQ:ACPW) concerning whether the company, certain of its officers and directors, or others have possibly violated federal securities laws. Specifically, the investigation concerns whether certain statements regarding Active Power’s business, its prospects and its operations were potentially materially false and misleading at the time they were made.
Active Power, Inc. reported that its annual Revenue rose from $33.60million in 07 to $64.95million and its Net Loss decreased from $20.49million in 07 to $3.92million in 2010. Its second quarter Revenue rose from $16.05million for the second quarter in 2010 to $19.21million this year and its second quarter Net Loss decreased from $1.54million last year to $1.39million this year.

Shares of Active Power, Inc. (Public, NASDAQ:ACPW) increased from as low as $0.26 per share in November ’08 to as high as $2.92 in April 2011.

However, Active Power, Inc. disclosed in a filing with the U.S. Securities and Exchange Commission (“SEC”) that on October 14, 2011, James A. Clishem resigned from his role as Chief Executive Officer and President of the Company and from the Company’s Board of Directors.

Shares of Active Power, Inc. (Public, NASDAQ:ACPW) fell from almost $3 in April to slightly above $1 per share on October 21, 2011.