Shepherd, Finkelman, Miller & Shah, LLC, a law firm with offices in Connecticut, Florida, New Jersey and Pennsylvania, 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 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 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 firstname.lastname@example.org or 1-866-540-5505 or Nathan Zipperian at email@example.com or 1-877-891-9880.
Shepherd, Finkelman, Miller & Shah, LLC 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 and Pennsylvania. 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.