Securities Fraud Lawyer - Xerium Technologies Securities Litigation
Shapiro Haber & Urmy LLP was counsel in a securities class action in the United States District Court for the District of Massachusetts against Xerium Technologies, Inc. and certain of its officers. The case was filed on behalf of a class consisting of all persons other than defendants who purchased the common stock of Xerium pursuant and/or traceable to the Company's initial public offering (IPO) on or about May 16, 2005 through November 15, 2005 (the "Class Period"). The complaint alleged that the Prospectus with respect to Xerium's IPO, filed with the SEC on or about May 11, 2005 on a Form S-1/A Registration Statement, and which became effective on or about May 16, 2005, contained untrue statements of material facts, omitted to state other facts necessary to make the statements made not misleading and was not prepared in accordance with the rules and regulations governing its preparation. The case was settled for $3.6 million.