A lawsuit was filed for certain investors in NASDAQ:MLNK shares over alleged securities laws violations by ModusLink Global Solutions, Inc. Deadline: August 13, 2012. NASDAQ:MLNK investors should contact the Shareholders Foundation.

San Diego, CA, USA (July 2, 2012) -- The Shareholders Foundation announces that an investor in NASDAQ:MLNK filed a lawsuit in the U.S. District Court for the District of Massachusetts against ModusLink Global Solutions, Inc. over alleged Violations of Federal Securities Laws in connection with certain financial statements.

Investors who purchased ModusLink Global Solutions, Inc. (NASDAQ:MLNK) common stock during the period between September 26, 2007 through June 8, 2012, have certain options and there are strict and short deadlines running. Deadline: August 13, 2012. ModusLink Global Solutions, Inc. (NASDAQ:MLNK investors should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint the plaintiff alleges on behalf of investors who purchased or otherwise acquired ModusLink Global Solutions, Inc. (NASDAQ:MLNK) common stock during the period from September 26, 2007 through June 8, 2012, ModusLink Global Solutions, Inc and certain of its executive officers violated the Securities Exchange Act of 1934 by issuing allegedly materially false and misleading statements regarding the Company's business and prospects.

On June 11, 2012, ModusLink Global Solutions, Inc. announced that it will delay the filing of the third quarter FY 2012 results and that it expects to restate its financial results from FY 2007 through first two quarters of the FY 2012. Furthermore, ModusLink Global Solutions, Inc. said that its President and CEO retired effective immediately upon the appointment of a new chief executive officer and its president, global operations for ModusLink left the company effective immediately

Shares of ModusLink Global Solutions, Inc. (NASDAQ:MLNK) dropped from $4.27 on Friday June 8, 2012 to $2.64 on Monday, June 11, 2012.

On June 13, 2012, NASDAQ:MLNK shares closed at $2.88 per share.

Those who purchased ModusLink Global Solutions, Inc. (NASDAQ:MLNK) common stock during the period between September 26, 2007 through June 8, 2012, have certain options and there are strict and short deadlines running. Deadline: August 13, 2012. ModusLink Global Solutions, Inc. (NASDAQ:MLNK investors should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

Media Contact:
Trevor Allen
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
Web: www.shareholdersfoundation.com

This release was published on openPR.