SOURCE: Holzer Holzer & Fistel, LLC

Holzer Holzer & Fistel, LLC

February 14, 2011 16:02 ET

Holzer Holzer & Fistel, LLC Announces That It Has Filed a Class Action Lawsuit on Behalf of Investors in Broadwind Energy Inc.

ATLANTA, GA--(Marketwire - February 14, 2011) - Holzer Holzer & Fistel, LLC announces that it has filed a class action lawsuit in the United States District Court for the Northern District of Illinois on behalf of purchasers of Broadwind Energy, Inc. ("Broadwind" or the "Company") (NASDAQ: BWEN) common stock who purchased shares between March 17, 2009 and August 9, 2010, inclusive (the "Class Period"). Specifically, the lawsuit alleges, among other things, that during the Class Period Broadwind overstated its financial condition by failing to timely write down an impairment of its goodwill related to its RBA subsidiary.

If you purchased shares of Broadwind common stock during the Class Period, you have the legal right to petition the Court to be appointed a "lead plaintiff." A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. Any such request must satisfy certain criteria and be made no later than April 12, 2011. Any member of the purported 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 are a Broadwind investor and would like to discuss a potential lead plaintiff appointment, or your rights and interests with respect to the lawsuit, you may contact Michael I. Fistel, Jr., Esq., or Marshall P. Dees, Esq. via email at mfistel@holzerlaw.com, or mdees@holzerlaw.com, or via toll-free telephone at (888) 508-6832.

Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm.