SOURCE: Levi & Korsinsky LLP

Levi & Korsinsky LLP

July 01, 2011 11:44 ET

The Law Firm of Levi & Korsinsky Announces Class Action Lawsuit Against Smith Micro Software, Inc. and Notifies Investors the Lead Plaintiff Deadline Is August 29, 2011

NEW YORK, NY--(Marketwire - Jul 1, 2011) - Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Central District of California on behalf of purchasers of Smith Micro Software, Inc. ("Smith Micro" or the "Company") (NASDAQ: SMSI) stock who purchased between November 3, 2010 and May 4, 2011 (the "Class Period").

To get more information, click here: http://zlk.9nl.com/smith-micro.

The complaint alleges that, during the Class Period, certain of the Company's executive officers and directors issued materially false and misleading information regarding the Company's financial condition and business prospects. In particular, the complaint alleges the Company failed to disclose that: (a) the Company's 2010 revenue surge was partially due to an inventory build by the Company's customers, rather than real end-market demand; (b) the introduction of 4G devices into the wireless market would adversely affect the demand for the Company's products; (c) as a result of the foregoing, shares of Smith Micro traded at artificially inflated prices.

If you are a member of the class and suffered a loss in Smith Micro stock, you have until August 29, 2011 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery is not affected by the decision whether or not to serve as a lead plaintiff. To obtain additional information about your rights, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (877) 363-5972, or visit http://www.zlk.com/smith-micro-software-smsi.html.

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

  • CONTACT:
    Levi & Korsinsky, LLP
    Joseph Levi, Esq.
    Eduard Korsinsky, Esq.
    30 Broad Street - 15th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (212) 363-7171
    www.zlk.com