DENVER, April 20, 2011 (GLOBE NEWSWIRE) -- Dyer & Berens LLP () today encouraged investors who purchased or acquired Itron, Inc. (Nasdaq:ITRI) securities between April 28, 2010 and February 16, 2011, inclusive ("Class Period") to consider their legal options in connection with the securities class action pending in the United States District Court for the Eastern District of Washington.
What actions may I take at this time? Class Period purchasers may, among other things: (i) seek to be appointed by the court as the "lead plaintiff" in the class action (on or before April 25, 2011); (ii) affirmatively opt-out of the class action and pursue individual claims; or (iii) do nothing at this time and remain in the class action as "absent class members." Factors relevant to investors' decisions may include the size of their losses, the timing of their purchases and/or the amount of effort they are willing to expend to attempt to recover their losses.
For a free consultation regarding your legal options, please contact Jeffrey A. Berens, Esq., at (888) 300-3362 x302 or via email at jeff@dyerberens.com.
What are the allegations in the complaint? The complaint charges Itron and certain of its executive officers with violations of the federal securities laws. According to the complaint, defendants misrepresented and failed to disclose that: (a) the company improperly recognized revenue on a significant customer contract; (b) the company's financial results were overstated during the Class Period and were not prepared in accordance with GAAP; and (c) the company lacked adequate internal and financial controls.
About Dyer & Berens LLP. Dyer & Berens LLP has significant expertise in prosecuting both class and individual investor actions. The firm's extensive experience in securities litigation, particularly in cases brought under the Private Securities Litigation Reform Act, has contributed to the recovery of hundreds of millions of dollars for aggrieved investors. For more information about the firm, please go to .
CONTACT: Jeffrey A. Berens Dyer & Berens LLP 303 East 17th Avenue, Suite 300 Denver, CO 80203 Tel: (888) 300-3362 x302 Email: jeff@dyerberens.com
