| Company: | Plexus Corp. |
| Ticker Symbol: | NASD: PLXS |
| Class Period:: | January 25, 2006 to July 27, 2006 |
| Date Filed: | Jun-25-07 |
| Lead Plaintiff Deadline: | Aug-24-07 |
| Court: | Eastern District, WI |
| Allegations: |
A securities class action lawsuit has been filed on behalf of shareholders who purchased the common stock of Plexus Corp. ("Plexus" or the "Company") (NASDAQ: PLXS) from January 25, 2006 through July 27, 2006 (the "Class Period"). The class action lawsuit was filed in the United States District Court for the Eastern District of Wisconsin.
The Complaint charges that Plexus and certain of its officers and directors violated Federal Securities laws. The Company, together with its subsidiaries, operates in the electronics manufacturing services industry. According to the complaint, Defendants issued a series of materially false and misleading statements concerning Plexus, its business, operations and prospects. Unbeknownst to shareholders, the true facts were that the Company was experiencing softness in its defense market segment and was not performing according to internal expectations and that the Company's United Kingdom operations were in decline and would have to be reorganized. Prior to the disclosure of the true facts, Company insiders sold more than $26 million dollars of their personally-held shares to the unsuspecting public. On July 26, 2006, after the markets closed, Plexus announced lower than expected financial results for its 2006 fiscal third quarter and reduced the Company's earnings guidance for its 2006 fiscal fourth quarter. On this news, the price of Plexus common stock fell $10.71 per share, or approximately 32%, to close at $22.89 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.
The Complaint charges that Plexus and certain of its officers and directors violated Federal Securities laws. The Company, together with its subsidiaries, operates in the electronics manufacturing services industry. According to the complaint, Defendants issued a series of materially false and misleading statements concerning Plexus, its business, operations and prospects. Unbeknownst to shareholders, the true facts were that the Company was experiencing softness in its defense market segment and was not performing according to internal expectations and that the Company's United Kingdom operations were in decline and would have to be reorganized. Prior to the disclosure of the true facts, Company insiders sold more than $26 million dollars of their personally-held shares to the unsuspecting public. On July 26, 2006, after the markets closed, Plexus announced lower than expected financial results for its 2006 fiscal third quarter and reduced the Company's earnings guidance for its 2006 fiscal fourth quarter. On this news, the price of Plexus common stock fell $10.71 per share, or approximately 32%, to close at $22.89 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.
