SOURCE: Holzer Holzer & Fistel, LLC

Holzer Holzer & Fistel, LLC

August 11, 2011 14:24 ET

Holzer Holzer & Fistel, LLC Announces That It Has Filed a Class Action Lawsuit on Behalf of Investors in Satcon Technology Corporation

ATLANTA, GA--(Marketwire - Aug 11, 2011) - Holzer Holzer & Fistel, LLC announces that it has filed a class action lawsuit in the United States District Court for the District of Massachusetts on behalf of purchasers of Satcon Technology Corporation ("Satcon" or the "Company") (NASDAQ: SATC) common stock who purchased shares between March 4, 2010 and July 5, 2011, inclusive (the "Class Period"). Specifically, the lawsuit alleges that, among other things, the Company: (1) knew but failed to disclose that it was experiencing a decrease in sales of its inverter systems; (2) knew but failed to disclose that it was not performing up to internal standards in the European market; and (3) failed to properly account for its inventory.

If you purchased Satcon 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 September 19, 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 Satcon 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.