FalconStor Software Inc FALC Securities Stock Fraud

Company:	FalconStor Software Inc
Ticker Symbol:	FALC
Class Period:	Feb-5-09 to Sep-29-10
Date Filed:	Oct-4-10
Lead Plaintiff Deadline:	Dec-3-10
Court:	Eastern District of New York
Allegations:

Atlanta, GA: A class action lawsuit has been filed in the United States District Court for the Eastern District of New York on behalf of purchasers of FalconStor Software, Inc. ("FalconStor" or the "Company") common stock who purchased shares between February 5, 2009 and September 29, 2010 (the "Class Period"). The lawsuit alleges, among other things, that the Company knew but failed to disclose that it was experiencing weakening demand for its products in violation of the federal securities laws. The lawsuit further alleges FalconStor made improper payments to at least one customer to secure a contract.

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.

FalconStor Software Inc FALC Securities Fraud Legal Help

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