(Lawfuel) – The Rosen Law Firm announces that it is investigating potential civil securities fraud claims against NexCen Brands, Inc. (“NexCen” of the “Company”) (Nasdaq:NEXC) concerning allegations that NexCen issued materially false and misleading statements about its financial condition during the time period January 30, 2008 through May 16, 2008.
On May 19, 2008 the Company announced, for the first time, that it had
an obligation to repay $30 million of financing it obtained in
connection with the Company’s acquisition of Great American Cookies.
The Company did not disclose this obligation when incurred. The Company
also recently disclosed that a “going concern” qualification to its
financial statements was appropriate as of the time the Company filed
its annual report for fiscal 2007. These adverse announcements caused
the value of NexCen’s stock and options to fall dramatically.
As a result of these adverse disclosures, the Rosen Law Firm is
investigating potential claims against NexCen for violation of the
anti-fraud provisions of the federal securities laws.
If you purchased NexCen common stock or options during the time period
January 30, 2008 through and including May 16, 2008, and would like
further information concerning your legal rights, please contact
Laurence Rosen, Esq. or Phillip Kim, Esq. of The Rosen Law Firm toll
free at 866-767-3653 or via e-mail at [email protected] or
You may access the website at http://www.rosenlegal.com to contact the
Rosen Law Firm for additional information.
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