BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that it is investigating potential claims against American Superconductor Corporation (“AMSC” or the “Company”) (NASDAQ:AMSC) concerning possible violations of federal securities laws. The investigation focuses on allegations that certain statements issued by the Company between November 2, 2010 and April 5, 2011, regarding AMSC’s business, operations and financial condition were false and misleading.
AMSC provides wind turbine designs and electrical control systems primarily in North America, Europe, and the Asia-Pacific. Specifically, the investigation relates to the Company's April 5, 2011 announcement that AMSC’s largest customer had refused to accept contracted shipments and has failed to pay AMSC for contract shipments made during the 2010 fiscal year.
If you purchased AMSC securities between November 2, 2010 and April 5, 2011, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.