| Company: | Alvarion Ltd. |
| Ticker Symbol: | NASD: ALVR |
| Class Period: | November 3, 2004 to May 12, 2006 |
| Date Filed: | Feb-13-07 |
| Lead Plaintiff Deadline: | Apr-09-07 |
| Court: | Southern District, NY |
| Allegations: |
A class action lawsuit in the United States District Court for the Southern District of New York on behalf of all persons who purchased the publicly traded securities of Alvarion Ltd. ("Alvarion" or the "Company") (NASDAQ: ALVR) from November 3, 2004 through May 12, 2006, inclusive (the "Class Period").
The complaint charges Alvarion and certain of its officers and directors with violations of the Securities Exchange Act of 1934 (the "Exchange Act"). As alleged in the Complaint, defendants issued materially false or misleading statements or failed to disclose material information during the Class Period that caused Alvarion's securities to trade at artificially inflated prices. Specifically, it is alleged that defendants did not disclose that a major customer, which accounted for approximately 30% of the Company's revenues during 2004, was no longer contributing to Alvarion's revenues at anywhere near that level. When the true information about this customer's affect on the Company's revenues was subsequently revealed, the price of Alvarion's stock decreased more than 13% on heavy trading volume.
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.
The complaint charges Alvarion and certain of its officers and directors with violations of the Securities Exchange Act of 1934 (the "Exchange Act"). As alleged in the Complaint, defendants issued materially false or misleading statements or failed to disclose material information during the Class Period that caused Alvarion's securities to trade at artificially inflated prices. Specifically, it is alleged that defendants did not disclose that a major customer, which accounted for approximately 30% of the Company's revenues during 2004, was no longer contributing to Alvarion's revenues at anywhere near that level. When the true information about this customer's affect on the Company's revenues was subsequently revealed, the price of Alvarion's stock decreased more than 13% on heavy trading volume.
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.
