Harwood Feffer LLP Announces Investigation of Active Power Inc.
Sep 11, 2013
NEW YORK, Sept. 11, 2013 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Active Power Inc. ("Active Power" or the "Company") (NASDAQ: ACPW) concerning whether the board has breached its fiduciary duties to shareholders.
(Logo: http://photos.prnewswire.com/prnh/20120215/MM54604LOGO )
In April 2013, the Company announced a purported strategic partnership with Digital China Information Service Limited ("Digital China"). On September 5, 2013, Active Power retracted its guidance for the third quarter of 2013 and stated that the strategic partnership that it had supposedly previously entered into with Digital China was actually with an entity that "is neither an affiliate nor a subsidiary" of Digital China.
Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.
If you own Active Power shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Matthew M. Houston, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
Attorney Advertising. © 2013 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.
SOURCE Harwood Feffer LLP