SOURCE: Holzer Holzer & Fistel, LLC

Holzer Holzer & Fistel, LLC

October 01, 2013 11:02 ET

Investor Alert: Holzer Holzer & Fistel Announces a Class Action Has Been Filed Against Velti Plc; Investors Encouraged to Inquire About Their Legal Rights

ATLANTA, GA--(Marketwired - Oct 1, 2013) - Holzer Holzer & Fistel, LLC announces that a class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of investors who purchased Velti plc ("Velti" or the Company) (NASDAQ: VELT) common stock between January 27, 2011 and August 20, 2013. The complaint alleges that a series of statements made during that time regarding Velti's business, operations and prospects were false and misleading. Specifically, the complaint alleges that Velti failed to adequately disclose that the Company was having difficulty collecting certain receivables and that certain receivables were uncollectible. According to the complaint, this resulted in the Company overstating its revenues and receivables during the Class Period.

If you purchased Velti common stock between January 27, 2011 and August 20, 2013 and are interested in serving as the lead plaintiff in this class action you are encouraged to contact Holzer Holzer & Fistel, LLC and its attorneys 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. 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 October 21, 2013. 

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. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content.