DENVER, June 12, 2008 (LAWFUEL) — The law firm of Dyer & Berens
LLP (www.DyerBerens.com) announced today that it has initiated an
investigation concerning losses suffered by certain MRV Communications,
Inc. (“MRV” or the “Company”) (Nasdaq:MRVC) investors.
On June 5, 2008, MRV announced that it expects to restate its 2002 to
2008 financial statements, and that its previously-issued financial
statements, earnings press releases, and similar communications should
no longer be relied upon. The restatement reportedly relates to
stock-option backdating problems and related accounting issues. This
report comes after the Company had previously announced that a review
of its options granting practices had found no evidence that grant
dates were designed to occur on dates with lower, more favorable
exercise prices. MRV’s management now states that it is likely that
these previous conclusions were incorrect. Upon disclosure of this
news, MRV’s share price plummeted approximately 24%.
If you have information relevant to the investigation, or if you
believe you were harmed by the conduct described above, you may contact
Jeffrey A. Berens, Esq. at 1-888-300-3362 or via email at
jeff@dyerberens.com.
The law firm of Dyer & Berens LLP focuses on complex class action
litigation on behalf of injured investors throughout the nation. The
firm’s extensive experience in securities litigation, particularly in
cases brought under the Private Securities Litigation Reform Act, has
contributed to the recovery of hundreds of millions of dollars for
aggrieved investors. For more information about the firm, please go to
www.DyerBerens.com.
