Poseidon Concepts Corporation POOSF Securities Lawsuit

Company:	Poseidon Concepts Corporation
Ticker Symbol:	POOSF
Class Period:	May-9-13 to Feb-14-13
Date Filed:	Feb-26-13
Lead Plaintiff Deadline:	Apr-27-13
Court:	Southern District of New York
Allegations:

New York, NY: A securities class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of a class (the "Class") of purchasers of Poseidon Concepts Corporation ("Poseidon"or the "Company") (POOSF) stock between May 9, 2012 to February 14, 2013 (the "Class Period").

The lawsuit asserts violations of the federal securities laws against Poseidon and certain of its officers and directors for issuing materially false and misleading financial information. The Complaint asserts that Poseidon overstated revenue and earnings by over 200% during the Class Period. Poseidon also stated that its forecast for 2012 should no longer be relied on. This adverse news caused the price of Poseidon stock to drop, causing investors losses.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.

Poseidon Concepts Corporation POOSF Securities Fraud Legal Help

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