Deadline upcoming in $8.2 Million Settlement in the Powerwave Technologies Inc (NASDAQ: PWAV) Investor Lawsuit

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Powerwave Technologies Inc LogoThe Shareholders Foundation announced that a deadline is coming up on May 2, 2016 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of Powerwave Technologies Inc (NASDAQ: PWAV) between October 28, 2010 and October 18, 2011.

Investors who purchased a significant amount of shares of Powerwave Technologies Inc (NASDAQ: PWAV) between October 28, 2010 and October 18, 2011, have certain options and should contact the Shareholders Foundation by email at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.

The settlement proof of claim form or detailed settlement notice for the settlement in the Powerwave Technologies Inc (NASDAQ: PWAV) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/powerwave-technologies-inc-nasdaq-pwav-investor-securities-class-action-lawsuit-02092012

In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is May 2, 2016. The class action administrator for this case is Gilardi & Co LLC.

The lawsuit was originally filed in the U.S. District Court for the Central District of California against Powerwave Technologies Inc over alleged Violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between February 1, 2011 and October 18, 2011. According to the complaint the plaintiff alleges on behalf of purchasers of the common stock of Powerwave Technologies Inc (NASDAQ: PWAV) between February 1, 2011 and October 18, 2011, that Powerwave Technologies Inc and certain of its officers and directors violated the Securities Exchange Act of 1934. Specifically, the plaintiff claims that between February 1, 2011 and October 18, 2011 defendants issued materially false and misleading statements regarding Powerwave Technologies Inc’s business and prospects.

Those who purchased shares of Powerwave Technologies Inc have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

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