SOURCE: Holzer Holzer & Fistel, LLC

November 12, 2008 16:25 ET

Holzer Holzer & Fistel, LLC Announces That It Has Filed a Shareholder Class Action Against Daktronics, Inc. (NASDAQ: DAKT)

ATLANTA, GA--(Marketwire - November 12, 2008) - Holzer Holzer & Fistel, LLC announces that it has filed a class action lawsuit in the United States District Court for the District of South Dakota on behalf of all purchasers of Daktronics, Inc. ("Daktronics" or the "Company") (NASDAQ: ANAD) common stock during the period between November 15, 2006 and April 5, 2007 (the "Class Period").

The complaint charges Daktronics and certain of its current and former officers with violations of the Securities Exchange Act of 1934. During the Class Period, the Complaint alleges the defendants issued false and misleading public statements concerning the Company's financial condition by failing to disclose that the Company was not performing according to internal expectations, that large orders were being delayed, and that the Company was unable to control its operating expenses.

If you are a purchaser of Daktronics 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 within 60 days from November 7, 2008. 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 Daktronics 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.