SOURCE: Goldfarb Branham LLP

Goldfarb Branham LLP

June 30, 2011 15:50 ET

Goldfarb Branham Law Firm LLP Announces Class Action Lawsuits Against WMS Industries, Inc.

DALLAS, TX--(Marketwire - Jun 30, 2011) - Goldfarb Branham LLP announced that a class action lawsuit has been filed on behalf of investors in WMS Industries (NYSE: WMS) who purchased shares between November 1, 2010 and April 11, 2011. Concerned WMS stockholders are encouraged to contact attorney Hamilton Lindley at 877-583-2855 or hlindley@goldfarbbranham.com to discuss their rights and remedies.

"According to the complaint filed in the Northern District of Illinois, the company did not have a reasonable basis for its revenue and margin forecasts due to the Company's execution in its financial statements and decreased demand for gaming machines," said Hamilton Lindley, a securities lawyer with Goldfarb Branham. "When this was revealed -- WMS stock fell 17% in one day. Our proposed shareholder lawsuit seeks to install better corporate governance at WMS to deter similar misconduct in the future."

Goldfarb Branham represents individual and institutional shareholders in securities litigation nationwide. The firm has been selected as lead counsel on high profile shareholder lawsuits. Current WMS shareholders with questions or concerns, or individuals with knowledge about the allegations in the complaints, should contact securities lawyer Hamilton Lindley at 877-583-2855 or hlindley@goldfarbbranham.com.

Contact Information

  • Hamilton Lindley
    Goldfarb Branham LLP
    2501 N. Harwood, Ste. 1801
    Dallas, TX 75201
    (877) 583-2855 Toll Free
    (214) 583-2233 Telephone
    (214) 583-2234 Facsimile
    Email Contact
    www.goldfarbbranham.com