ATLANTA, GA -- (Marketwire) -- 05/13/11 -- Holzer Holzer & Fistel, LLC announces that it has filed a class action lawsuit in the United States District Court for the District of Oregon on behalf of purchasers of Vestas Wind Systems A/S ("Vestas" or the "Company") (PINKSHEETS: VWDRY) American Depository Shares ("ADRs") who purchased their ADRs between October 27, 2009 and October 25, 2010, inclusive (the "Class Period"). Specifically, the lawsuit alleges that, among other things, the Company improperly accounted for its revenue in violation of International Accounting Standards by failing to timely adopt the International Financial Reporting Interpretations Committee's Interpretation 15 throughout the Class Period.
If you purchased Vestas ADRs during the Class Period, you have the legal right to petition the Court to be appointed a "lead plaintiff." A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. Any such request must satisfy certain criteria and be made no later than May 17, 2011. Any member of the purported 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. If you are a Vestas investor and would like to discuss a potential lead plaintiff appointment, or your rights and interests with respect to the lawsuit, you may contact Michael I. Fistel, Jr., Esq., or Marshall P. Dees, Esq. via email at mfistel@holzerlaw.com, or mdees@holzerlaw.com, or via toll-free telephone at (888) 508-6832.
Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm.
