Satcon Technology Corp (SATC) Class Action Lawsuit

Kyros Law Investigating Claims on Behalf of Investors of Satcon

Kyros Law a Boston- based Law firm announces that a class action lawsuit has been commenced in the United States District Court for the District of Massachusetts on behalf of purchasers of Satcon Technology Corp. common stock between March 4, 2010 through July 5, 2011 this is the called the Class Period in this type of case.

The lawsuit alleges that during the Class Period, defendants issued materially false and misleading statements regarding the Company's business practices and financial results. In particular, defendants misrepresented and/or failed to disclose that: (a) the Company was experiencing a decrease in sales; (b) due to changes in government incentives, the Company's European market was performing below expectations; (c) the Company failed to account properly for its inventory; (d) as a result of the aforementioned, defendants lacked sufficient basis for their positive statements regarding the Company's prospects.

If you purchased Satcon and suffered a loss, you have until September 16, 2011 to request that the Court appoint you as lead plaintiff. Our law firm is looking to work with an investor who has large losses in SatCon.

If you are a shareholder in Satcon please call Attorney Bill Kyros at 1-800-934-2921 to discuss your rights.

Kyros Law is a Boston-based law firm with significant experience representing investors in shareholder class actions, shareholder derivative actions, and securities fraud class actions. For info about our law firm please our Kyros Law web site