NEW YORK, Aug. 1, 2008 (LAWFUEL) — Attorney Advertising. The
Rosen Law Firm announces that it is investigating potential civil
securities claims against Harris Stratex Networks, Inc. (“Harris
Stratex” or the “Company”) (Nasdaq:HSTX) concerning allegations that
Harris Stratex issued materially false and misleading statements about
its financial condition prior to and following its formation in early
2007 through the date of the merger of Stratex and the Harris Microwave
Communications Division.
On July 30, 2008 the Company announced that it discovered accounting
errors which rendered its previously issued financial statements to be
incorrect. According to the announcement, the Company expects that the
errors would cause previously reported pre-tax income to be reduced by
$18 million to $25 million. Thus, the Company announced that its prior
financial statements for the first three quarters of fiscal 2008 and
the fiscal years 2005-2007 should no longer be relied upon.
As a result of these adverse disclosures, the Rosen Law Firm is
investigating potential claims against Harris Stratex for violation of
the of the federal securities laws.
If you purchased Harris Stratex stock anytime since it began trading in
early 2007 through and including July 30, 2008; or became a shareholder
of the Company by virtue of the merger of Stratex and the Harris
Microwave Communications Division, 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 lrosen@rosenlegal.com or pkim@rosenlegal.com.
You may access the website at http://www.rosenlegal.com to contact the
Rosen Law Firm for additional information.
Attorney advertising. Prior results do not guarantee a similar outcome.
