5. I have not served as a representative party on behalf of a class
under the federal security laws during the last three years, except
if detailed below.
6. I will not accept any payment for serving as a representative party,
except to receive my pro rata share of any recovery or as ordered
or approved by the court including the award to a representative
plaintiff of reasonable costs and expenses (including lost wages)
directly relating to the representation of the class.
agreement and retain the Law Offices of Howard G. Smith and its associates to proceed on Plaintiff's behalf, on a contingent fee basis. If I am executing this agreement on behalf of an institution, I further certify that I am authorized to execute this agreement on behalf of the institution.
*Are you now or were you ever an employee of the
Speak to a Lawyer, Not a Receptionist!
Law Offices of Howard G. Smith
3070 Bristol Pike, Suite 112
Bensalem, PA 19020
Telephone: (215) 638-4847
Facsimile: (215) 638-4867
Toll Free: 1-888-638-4847
The lawsuit is for purchasers of the common stock of Emcore Corporation (NASDAQ: EMKR) between June 12, 2007 and June 30, 2008.
The lawsuit alleges that the Company made false and misleading statements throughout the class period in violation of federal securities laws by publishing statements that its main customer, Green and Gold Energy ("GGE"), was a viable company that could afford to purchase the product it had backordered from Emcore. In fact, the lawsuit alleges, Emcore knew that Green and Gold Energy would not be able to pay for its backlogged orders because, among other things, Emcore knew that: (1) the CEO of GGE formerly promoted a failed venture to produce a "perpetual motion machine" (a machine that modern science has proven cannot be made, and for which investors reportedly lost all their money), (2) GGE did not even have a plant to build the machine in which it was going to use the product it ordered from Emcore, (3) the prototype of GGE's machine in which it would use Emcore's product was not functional, and (4) the company GGE touted as it "exclusive distributor" (Zolar Distributors) was a sham company with no physical address created by GGE itself. Moreover, the lawsuit alleges that Emcore's insiders traded on the information that they concealed from the investing public, making big profits on unscheduled and unusual trades that they made ahead of the precipitous fall in the Company's share price.
On March 18, 2008, reports that GGE was not a viable company started to surface. On the basis of these reports, and Emcore's rebuttal to the reports, made the same day, which failed to address the specific allegations against GGE, the price of Emcore's shares dropped precipitously, falling more that 23% from the previous day's trading, on heavy volume.
The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you purchased common stock in Emcore Corporation (NASDAQ: EMKR) between June 12, 2007 and June 30, 2008 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.