Shepherd, Finkelman, Miller & Shah, LLC Announces Securities Class Action Against Max Chan of Himax Technologies, Inc.
18 August 2007 - 5:00AM
PR Newswire (US)
HARTFORD, Conn., Aug. 17 /PRNewswire-FirstCall/ Shepherd,
Finkelman, Miller & Shah, LLC (http://www.sfmslaw.com/; e-mail:
) a law firm with offices in Connecticut, Florida, New Jersey,
Pennsylvania and Wisconsin announces that a lawsuit seeking class
action status was filed in the United States District Court for the
Central District of California on behalf of all persons (the
"Class") who purchased the securities of Himax Technologies, Inc.
("Himax" or the "Company") (NASDAQ:HIMX) pursuant to the Company's
March 30, 2006 Initial Public Offering ("IPO"). The Complaint names
Max Chan, the Company's Chief Financial Officer, as a defendant
("Mr. Chan" or "Defendant"). A copy of the Complaint (CV-07-04891)
filed in this action can be obtained from the Court or you can call
our offices toll free at either 866/540-5505 or 877/891-9880 to
speak with an attorney regarding this matter and obtain a copy of
the Complaint. The Complaint alleges that, during the Class Period,
Defendant violated Sections 11, 12(a)(2) and 15 of the Securities
Act of 1934, and also breached his fiduciary duties. Specifically,
the Complaint alleges that the Defendant made certain false and/or
misleading statements in the Prospectus issued in connection with
the Company's IPO. Furthermore, the Complaint alleges that the
Prospectus failed to disclose that Himax's primary operations faced
an imminent reduction in customer demand due to unusually high
inventory levels being experienced by the Company's customers. If
you purchased the securities of Himax pursuant or traceable to its
March 30, 2006 IPO, you may qualify to serve as a lead plaintiff on
behalf of the Class. All motions for appointment as lead plaintiff
must be filed with the Court no later than sixty (60) days from the
date that notice was first published in compliance with applicable
federal securities laws. Based upon the date that the Complaint was
filed and notice appeared in at least one publication, any motions
for appointment of lead plaintiff may be due on or about October 3,
2007. Any member of the proposed Class may move the Court to serve
as lead plaintiff in this action through counsel of his or her
choice, or may remain an absent class member. There are certain
legal requirements to serve as lead plaintiff, which we would be
pleased to discuss with you. If you purchased securities of Himax
pursuant to the Company's March 30, 2006 IPO and would like to
discuss your rights or this notice, please contact James E. Miller,
Esquire (866/540-5505; ), or Nathan C. Zipperian, Esquire
(877/891/9880; ) by telephone or email. Shepherd, Finkelman, Miller
& Shah, LLC (http://www.sfmslaw.com/) is a national law firm
that represents investors, including institutions and individuals,
as well as consumers in class action and other complex litigation,
and maintains offices in Connecticut, Florida, New Jersey,
Pennsylvania and Wisconsin. The firm's attorneys have appeared in
matters on behalf of our clients throughout the United States and
been appointed lead counsel in a number of class actions and
corporate governance matters. DATASOURCE: Shepherd, Finkelman,
Miller & Shah, LLC CONTACT: James E. Miller, Esquire,
866-540-5505, , or Nathan C. Zipperian, Esquire, 877-891-9880, Web
site: http://www.sfmslaw.com/
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