MEMC Electronic Materials Inc WFR Securities Stock Fraud

Company:	MEMC Electronic Materials Inc
Ticker Symbol:	WFR
Class Period:	Jun-13-08 to Jul-23-08
Date Filed:	Sep-17-08
Lead Plaintiff Deadline:	Nov-16-08
Court:	Eastern District of Missouri
Allegations:

A class action suit was filed on September 16, on behalf of investors who bought MEMC common stock between June 13 and July 23 2008.

The suit alleges that the company and its CEO failed to disclose production problems that adversely impacted its financial results for the quarter ended June 30, and that MEMC and CEO Nabeel Gareeb violated the Securities Exchange Act of 1934 by failing to disclose production problems at the company's facilities in Italy and Texas, eventually resulting in a 22 percent drop in share price, from $53.80 per share to $42.23 per share.

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.

MEMC Electronic Materials Inc WFR Securities Fraud Legal Help

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