Law
Offices of Howard G. Smith announces that the shareholder lawsuit
filed on behalf of investors of Ocean Power Technologies, Inc. (“Ocean
Power Technologies” or the “Company”) (NASDAQ:OPTT) has been expanded to
include all purchasers of Ocean Power Technologies securities between
January 14, 2014 and July 14, 2014 (the “Class Period”).
Ocean Power Technologies engages in the development and
commercialization of proprietary systems that generate electricity by
harnessing the renewable energy of ocean waves, primarily in the United
States, Europe, Asia and Australia. The Complaint alleges that
defendants may have misstated the nature and/or circumstances of an
agreement between the Australian Renewable Energy Agency and Victorian
Wave Partners Pty Ltd − a project-specific operating entity wholly-owned
by the Company's subsidiary − related to a planned wave power station
project off the coast of Australia.
If you are a member of the Class described above, you may move the Court
no later than August 12, 2014, to serve as lead plaintiff, if you meet
certain legal requirements. To be a member of the Class, you need not
take any action at this time; you may retain counsel of your choice or
take no action and remain an absent member of the Class. If you wish to
learn more about this action, please contact Howard G. Smith, Esquire,
of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free
at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com,
or visit our website at http://www.howardsmithlaw.com.
Copyright Business Wire 2014