Allot Notified of Class Action Lawsuits
03 Maggio 2007 - 3:30PM
PR Newswire (US)
HOD SHARON, Israel, May 3 /PRNewswire-FirstCall/ -- Allot
Communications Ltd. (NASDAQ:ALLT), a leader in IP service
optimization solutions based on deep packet inspection (DPI)
technology, announced today that it has been notified that
purported class action complaints had been filed in the United
States District Court for the Southern District of New York against
the Company and certain of its directors and officers. The
complaints allege that the Company failed to disclose in the
registration statement for its initial public offering that at the
time of the IPO it was experiencing declining sales "in its
indirect distribution channels, such as enterprise, education and
smaller ISP customers, in North America," and on that basis the
complaints assert violations of U.S. Federal Securities laws. The
Company believes that the allegations made in the complaints are
without merit and that it intends to vigorously defend itself
against the complaints. Safe Harbor Statement Information provided
in this press release may contain statements relating to current
expectations, estimates, forecasts and projections about future
events that are "forward-looking statements" as defined in the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements generally relate to the Allot's plans,
objectives and expectations for future operations and are based
upon management's current estimates and projections of future
results or trends. Actual future results may differ materially from
those projected as a result of certain risks and uncertainties.
These factors include, but are not limited to, our inability to
successfully defend ourselves against the complaints filed against
Allot and certain of its directors and officers in the United
States District Court for the Southern District of New York, as
well as risks discussed under the heading "Risk Factors" in Allot's
final prospectus for its IPO filed with the Securities and Exchange
Commission on November 16, 2006 and other filings with the
Securities and Exchange Commission. These forward-looking
statements are made only as of the date hereof, and we undertake no
obligation to update or revise the forward-looking statements,
whether as a result of new information, future events or otherwise.
DATASOURCE: Allot Communications Ltd. CONTACT: Investor Relations,
Jay Kalish, Executive Director Investor Relations, Allot
Communications Ltd., +972-9-761-9365,
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