SOURCE: Dyer & Berens LLP

Dyer & Berens LLP

September 10, 2010 13:47 ET

Dyer & Berens LLP Reminds Shareholders of Upcoming Deadline in the Class Action Lawsuit Filed on Behalf of TeleNav, Inc. Investors -- TNAV

DENVER, CO--(Marketwire - September 10, 2010) -  Dyer & Berens LLP (www.DyerBerens.com) today reminded investors of the upcoming lead plaintiff deadline in the class action lawsuit filed in the United States District Court for the Northern District of California on behalf of investors who purchased TeleNav, Inc. (NASDAQ: TNAV) common stock pursuant to the registration statement issued in connection with the company's May 13, 2010 IPO.

If you wish to discuss this action, the lead plaintiff process, or have any questions concerning this notice or your rights or interests in the litigation, please contact Jeffrey A. Berens, Esq. at (888) 300-3362 x302, (303) 861-1764, or via email at jeff@dyerberens.com.

If you wish to serve as a lead plaintiff, you must seek such an appointment with the court no later than November 1, 2010. A "lead plaintiff" directs the litigation and participates in important decisions including whether to accept a settlement and how much of a settlement to accept for the class in the action. The lead plaintiff here will be selected from among applicants claiming the largest loss from investment in the company during the relevant time period. You are not required to have sold your shares to seek damages or to serve as a lead plaintiff. 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.

Dyer & Berens LLP has significant expertise in prosecuting investor class actions. The firm's extensive experience in securities litigation, particularly in cases brought under the Private Securities Litigation Reform Act, has contributed to the recovery of hundreds of millions of dollars for aggrieved investors. For more information about the firm, please go to www.DyerBerens.com.

Contact Information

  • Contact:

    Jeffrey A. Berens
    Dyer & Berens LLP
    303 East 17th Avenue, Suite 300
    Denver, CO 80203
    Tel: (888) 300-3362 x302 or (303) 861-1764
    Email: Email Contact
    Website: www.DyerBerens.com