SOURCE: Kahn Gauthier Swick, LLC

August 02, 2008 00:16 ET

INVESTOR ALERT: KGS Notifies GT Solar International, Inc. Shareholders -- Particularly With Losses Over $100,000 -- That They Have Until September 30, 2008 to File Lead Plaintiff Application in Securities Class Action Lawsuit -- SOLR

NEW ORLEANS, LA--(Marketwire - August 2, 2008) - Kahn Gauthier Swick, LLC ("KGS") reminds shareholders that September 30, 2008 is the deadline to file lead plaintiff applications in a securities class action pending in the United States District Court for the District of New Hampshire, on behalf of shareholders who purchased the common stock of GT Solar International, Inc. ("GT Solar" or the "Company") (NASDAQ: SOLR) in connection with the Company's Initial Public Offering ("IPO") on or about July 23, 2008, or who purchased shares thereafter in the open market. No class has yet been certified in this action.

If you would like to discuss your legal rights, you may e-mail or call KGS Managing Partner Lewis Kahn, without obligation or cost to you, toll free 1-866-467-1400, ext. 100, via cell phone after hours at 504-301-7900, or by email at lewis.kahn@kgscounsel.com.

GT Solar and certain of its officers and directors, and the Company's underwriters -- collectively, "defendants" -- are charged with including, or allowing the inclusion of, materially false and misleading statements in the Registration Statement and Prospectus issued in connection with the IPO, in violation of the Securities Act of 1933. In particular, the complaint alleges that GT Solar failed to disclose the extent of risk surrounding its business relationship with LDK Solar Co., LTD. On July 25, 2008, within days of the IPO, LDK announced that it had signed a contract with a competitor of GT Solar. On this news, GT Solar's shares declined to a low of $9.30, closing at $12.59 per share on July 25, 2008.

If you wish to serve as lead plaintiff in this class action lawsuit, you must move the Court no later than September 30, 2008. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. If you would like to discuss your legal rights, you may e-mail or call KGS Managing Partner Lewis Kahn, without obligation or cost to you, toll free 1-866-467-1400, ext. 100, after hours via cell phone 504-301-7900, or by email at lewis.kahn@kgscounsel.com. To learn more about KGS, you may visit www.kgscounsel.com. KGS is a law firm focused on securities class action litigation with offices in New Orleans and New York City.

KGS' lawyers have significant experience litigating complex securities class actions. Among other cases, KGS has been appointed Lead or Co-Lead Counsel in the following securities cases: In re: U.S. Auto Parts Networks, Inc. Securities Litigation, C.D. Cal.; In re Optionable, Inc. Securities Litigation, S.D.N.Y.; In re Xethanol Corporation Securities Litigation, S.D.N.Y.; Pixelplus Co. Ltd., S.D.N.Y.; In re Witness Systems Inc. Securities Litigation, N.D. Ga.; Whitney Information Network, M.D. Fla.; Bodisen Biotech, Inc., S.D.N.Y.; Pegasus Wireless Corp., S.D. Fla.; In re Xinhua Finance Media, Ltd. Securities Litigation, S.D.N.Y.; Terayon Comm. Systems Inc., N.D. Cal.; Gaming Partners, D. Nev.; and In re BigBand Networks, Inc. Securities Litigation, N.D. Cal.

SPECIAL NOTICE: KGS encourages you to carefully evaluate any firm you may consider to represent your interests in the GT Solar class action. The Private Securities Litigation Reform Act ("PSLRA") permits GT Solar shareholders to choose counsel of their choice to prosecute this action. Critical components of a law firm's ability to successfully prosecute this action and obtain a strong recovery for you include the resources it will dedicate to prosecution of the case, including the number of lawyers the firm has available for the GT Solar action in particular, AND especially the quality of the firm's work. Interested shareholders are encouraged to call for consultation and to request more information about KGS. While KGS has not filed suit yet, the firm is currently conducting its own investigation of GT Solar and invites shareholders to evaluate its complaint when choosing counsel.

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