NEW YORK, Feb. 25, 2008 (PRIME NEWSWIRE) -- The Brualdi Law Firm P.C. announces that a class action lawsuit has been commenced in the United States District Court for the District of New Jersey on behalf of all purchasers of the common stock of Opnext, Inc. ("Opnext" or the "Company") (Nasdaq:OPXT) from the date of the Company's Initial Public Offering on February 14, 2007 through February 13, 2008, inclusive (the "Class Period").
No class has yet been certified in the above action. If you are a member of the proposed Class, you may, on or before April 21, 2008, ask the Court to allow you to serve as lead plaintiff for the proposed Class. To serve as a lead plaintiff, you must satisfy certain legal requirements. In making your decision, you should take into account that those with large financial losses resulting from the alleged federal securities law violations are given preference in being appointed lead plaintiff.
To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Tali Leger, Director of Shareholder Relations at The Brualdi Law Firm P.C., 29 Broadway, Suite 2400, New York, New York 10006, by telephone toll free at (877) 495-1187 or (212) 952-0602, by email to tleger@brualdilawfirm.com or visit our website at http://www.brualdilawfirm.com/
The complaint alleges that during the Class Period the Company and certain of its present and former officers and directors violated Sections 11 and 15 of the Securities Act of 1933 by issuing a materially inaccurate Registration Statement and Prospectus in connection with the Company's Initial Public Offering.