BOCA RATON, FL--(Marketwire - September 13, 2010) - Saxena White P.A. reminds all purchasers of DJSP Enterprises, Inc. securities ("DJSP" or the Company) (
The Complaint filed by Saxena White alleges that during the Class Period, DJSP and certain of its officers and/or directors (the "Defendants") violated the Securities Exchange Act of 1934 by issuing materially false and misleading statements and failing to disclose adverse facts known to them regarding the Company's business and financial results.
On March 16, 2010, DJSP informed the investing community that "there is no stopping this inflow of continued defaults that we anticipate to go for another two or three years... foreclosure volumes through 2012 are expected to increase dramatically." Then on May 27, 2010, DJSP shocked the market when it lowered its guidance for adjusted net income by $15 million to $17 million and for adjusted EBITDA by $18 million to $22 million. On this news, the Company's shares fell nearly 29%, opening on May 28, 2010 at $6.33 per share.
If you purchased common stock between March 16, 2010 and May 27, 2010, inclusive, you may, no later than September 20, 2010, request that the Court appoint you as lead plaintiff. A lead plaintiff is a representative party that acts on behalf of the class members. You may obtain a copy of the complaint and join the class action at www.saxenawhite.com, or directly contact Joe White or Greg Stone at Saxena White P.A. to discuss your rights and interests.
Please note that you may also retain counsel of your choice and need not take any action at this time to be a class member.
Saxena White P.A., which has offices in Boca Raton and Boston, specializes in prosecuting securities fraud and complex class actions on behalf of institutions and individuals. Currently serving as lead counsel in numerous securities fraud class actions nationwide, the firm has recovered hundreds of millions of dollars on behalf of injured investors and is active in major litigation pending in federal and state courts throughout the United States.
Contact Information:
Joseph E. White, III
jwhite@saxenawhite.com
Greg Stone
gstone@saxenawhite.com
Saxena White P.A.
2424 North Federal Highway, Suite 257
Boca Raton, FL 33431
Tel: (561) 394-3399
Fax: (561) 394-3382
www.saxenawhite.com