SOURCE: Sarraf Gentile LLP

February 21, 2008 11:04 ET

Sarraf Gentile LLP Announces Class Action Lawsuit Against Opnext, Inc.

NEW YORK, NY--(Marketwire - February 21, 2008) - A class action lawsuit has been filed on behalf of those who purchased or otherwise acquired securities of Opnext, Inc. ("Opnext" or the "Company") (NASDAQ: OPXT) between February 14, 2007 and February 13, 2008, inclusive (the "Class Period"). The class action was filed in the District of New Jersey.

The complaint alleges that during the Class Period the Company, and certain of its officers and/or directors, violated federal securities laws by issuing a materially inaccurate Registration Statement and Prospectus (collectively the "Registration Statement") in connection with the Company's IPO.

No class has yet been certified in the action. Until a class is certified, you are not represented by counsel unless you retain one. Sarraf Gentile LLP has not filed a lawsuit against the defendants.

If you hold or acquired shares of Opnext during the Class Period and want to discuss your legal rights, you may e-mail or call Sarraf Gentile LLP who will, without obligation or cost to you, attempt to answer your questions. Sarraf Gentile LLP is active in major class action litigations pending across the nation. You may contact Sarraf Gentile LLP at 11 Hanover Square, New York, New York 10005 (telephone: 212-868-3610; e-mail: joseph@sarrafgentile.com).

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