Case Page

 

Case Status:    DISMISSED    
On or around 04/04/2013 (Stipulation and order of dismissal (voluntary dismissal))

Filing Date: April 02, 2012

The complaint filed April 2, 2012 alleges that Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company had severe manufacturing deficiencies at its Livonia, Michigan manufacturing facility, which produced defective prismatic cells that resulted in premature failure of battery modules and packs; (2) as a result of the defective prismatic cells, A123 would likely be required to recall and replace the affected modules and packs and incur substantial costs in doing so, threatening the financial viability of the Company; and (3) as a result of the foregoing, the Company’s statements were materially false and misleading at all relevant times.

On June 7, 2012, the Court issued an Order consolidating cases, appointing lead plaintiff, and approving the selection of lead counsel.

On August 31, 2012, the Plaintiffs filed a consolidated amended complaint.

On March 14, 2013, the Court issued an Order granting the defendants' motion to dismiss the consolidated amended complaint. Plaintiffs were given leave to replead.

On April 4, 2013, the parties entered a Stipulation of Voluntary Dismissal of this case.

COMPANY INFORMATION:

Sector: Technology
Industry: Electronic Instruments & Controls
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: AONE
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: D. Massachusetts
DOCKET #: 12-CV-10591
JUDGE: Hon.Richard G. Stearns
DATE FILED: 04/02/2012
CLASS PERIOD START: 02/28/2011
CLASS PERIOD END: 03/23/2012
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Berman DeValerio (Boston)
    One Liberty Square, Berman DeValerio (Boston), MA 02109
    617.542.8300 617.542.8300 ·
  2. Pomerantz LLP (New York)
    600 Third Avenue, Pomerantz LLP (New York), NY 10016
    212.661.1100 212.661.8665 · info@pomerantzlaw.com/
No Document Title Filing Date
COURT: D. Massachusetts
DOCKET #: 12-CV-10591
JUDGE: Hon.Richard G. Stearns
DATE FILED: 08/31/2012
CLASS PERIOD START: 02/28/2011
CLASS PERIOD END: 03/26/2012
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Berman DeValerio (Boston)
    One Liberty Square, Berman DeValerio (Boston), MA 02109
    617.542.8300 617.542.8300 ·
  2. Milberg LLP (New York)
    One Pennsylvania Plaza, 49th Floor, Milberg LLP (New York), NY 10119
    1.877.692.1965 · ContactUs@milberg.com
  3. Pomerantz LLP (New York)
    600 Third Avenue, Pomerantz LLP (New York), NY 10016
    212.661.1100 212.661.8665 · info@pomerantzlaw.com/
No Document Title Filing Date