NEW YORK, July 12, 2008 (LAWFUEL) — The Rosen Law Firm reminds
investors of the July 28, 2008 lead plaintiff deadline in the class
action lawsuit on behalf of purchasers of NexCen Brands, Inc. (“NexCen”
or the “Company”) (Nasdaq:NEXC) common stock and/or call options during
the period between May 10, 2007 and May 19, 2008 (the “Class Period”).
To join the NexCen class action, go to the website at
http://www.rosenlegal.com or call Laurence Rosen, Esq. or Phillip Kim,
Esq. toll-free at 866-767-3653 or email lrosen@rosenlegal.com or
pkim@rosenlegal.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS
CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE.
YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER.
The complaint asserts that NexCen and certain of its officers and
directors failed to adequately disclose details of an
accelerated-redemption feature on financing it obtained in connection
with its acquisition of Great American Cookies, which required the
Company to pay half of its borrowing by a date certain; that the
Company was unable to comply with the accelerated-redemption; that the
Company had no reasonable basis for its earnings guidance for fiscal
2008; and, the Company’s ability to continue as a going concern was in
serious doubt. On May 19, 2008, these adverse facts and misstatements
were disclosed causing the price of NexCen securities to plummet,
damaging investors.
A class action lawsuit has already been filed on behalf of NexCen
shareholders. If you wish to serve as lead plaintiff, you must move the
Court no later than July 28, 2008. If you wish to join the litigation
or to discuss your rights or interests regarding this class action,
please contact plaintiff’s counsel, Laurence Rosen, Esq. or Phillip
Kim, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail
at lrosen@rosenlegal.com or pkim@rosenlegal.com.
