Monteverde & Associates PC Files Class Action Lawsuit On Behalf Of Shareholders Of Maxwell Technologies, Inc. In the Southern District Of California

NEW YORK, NY / ACCESSWIRE / June 13, 2019 / Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New York City announces that a class action lawsuit has been filed in the United States District Court for the Southern District of California, Case No. 3:19-cv-01094, against Maxwell Technologies, Inc. ("Maxwell" or the "Company") (NasdaqGS: MXWL) for shareholders who held Maxwell securities as of the close of the tender offer on May 16, 2019 (the "Class Period"), and have been harmed by Maxwell and its board of directors' (the "Board") for alleged violations of Sections 14(e) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") in connection with the tender offer of Company common stock to be purchased by Tesla, Inc., through its subsidiary Cambria Acquisition Corp. (collectively "Tesla").

Under the terms of the agreement, each share of Maxwell common stock was exchanged for 0.0193 shares of Tesla common stock ("Merger Consideration"). The complaint alleges that this offer was inadequate and alleges that the Schedule 14D-9 Solicitation/Recommendation Statement (the "Recommendation Statement") provided materially incomplete and misleading information about the Company's financials and the transaction, in violation of Sections 14(e), and 20(a) of the Exchange Act.

If you wish to serve as lead plaintiff, you must move the Court no later than August 12, 2019. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

Click here for more information: https://www.monteverdelaw.com/case/maxwell-technologies-inc. It is free andthere is no cost or obligation to you.

Monteverde & Associates PC is a national class action securities and consumer litigation law firm that has recovered millions of dollars and is committed to protectingshareholders and consumers from corporate wrongdoing. Monteverde & Associates lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions, whereby they protect investors by recovering money and remedying corporate misconduct. Mr. Monteverde, who leads the legal team at the firm, has been recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013, 2017-2019, an award given to less than 2.5% of attorneys in a particular field. He has also been selected by Martindale-Hubbell as a 2017 and 2018 Top Rated Lawyer.

CONTACT:

Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave, Suite 4405
New York, NY 10118
United States of America
jmonteverde@monteverdelaw.com
Tel: (212) 971-1341

Attorney Advertising. (C) 2019 Monteverde & Associates PC. Prior results do not guarantee a similar outcome with respect to any future matter.

SOURCE: Monteverde & Associates PC