| Company: | Pixelplus Co., Ltd. |
| Ticker Symbol: | NASD: PXPL |
| Class Period: | December 21, 2005 to April 11, 2006 |
| Date Filed: | Apr-14-06 |
| Lead Plaintiff Deadline: | Jun-12-06 |
| Allegations: |
An investigation has commenced regarding allegations that Pixelplus Co., Ltd. ("Pixelplus" or the "Company") (Nasdaq:PXPL) violated the federal securities laws by overstating its revenue as reported in its filings with the SEC for each reporting period for 2005.
On April 11, 2006 the Company shocked the market when it announced, among other things, that the Company's revenues would be reduced by approximately $3.6 million and $2.5 million, for the fourth quarter of 2005 and fiscal year 2005, respectively. Following these adverse disclosures, the Company's stock price dropped over 38%.
A class action lawsuit has been filed against the Company and its management on behalf of all investors who purchased Pixelplus' shares during the period from December 21, 2005 through April 11, 2006, including purchasers in the initial public offering.
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.
On April 11, 2006 the Company shocked the market when it announced, among other things, that the Company's revenues would be reduced by approximately $3.6 million and $2.5 million, for the fourth quarter of 2005 and fiscal year 2005, respectively. Following these adverse disclosures, the Company's stock price dropped over 38%.
A class action lawsuit has been filed against the Company and its management on behalf of all investors who purchased Pixelplus' shares during the period from December 21, 2005 through April 11, 2006, including purchasers in the initial public offering.
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.
