Press ReleaseSource: Izard Nobel LLP

Izard Nobel LLP Announces Class Action Lawsuit Against Anadigics, Inc.
Thursday November 13, 2008 4:36 pm ET

HARTFORD, CT--(MARKET WIRE)--Nov 13, 2008 -- The law firm of Izard Nobel LLP, which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the District of New Jersey on behalf of those who purchased the common stock of Anadigics, Inc. ("Anadigics" or the "Company") (NasdaqGM:ANAD - News) between July 25, 2007 and February 12, 2008, inclusive (the "Class Period").

The Complaint charges that Anadigics and certain of its officers and directors violated federal securities laws. Specifically, defendants failed to disclose the following: (i) the Company was experiencing manufacturing inefficiencies associated with increased production levels and would not be able to meet its stated guidance; (ii) Anadigics was at risk of losing customers due to its inability to meet demand; and (iii) as a result of the foregoing, defendants lacked a reasonable basis for their positive statements about the Company and its prospects.

If you are a member of the class, you may, no later than January 12, 2009, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a class member that acts on behalf of other class members in directing the litigation. Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions which could affect the overall recovery for class members.

While Izard Nobel LLP has not filed a lawsuit against the defendants, to view a copy of the Complaint initiating the class action or for more information about the case, class action cases in general, and your rights, please contact Izard Nobel LLP toll-free at (800) 797-5499, or by e-mail at firm@izardnobel.com, or visit our website: www.izardnobel.com.


Contact:
     CONTACT:
     Nancy A. Kulesa or Wayne T. Boulton
     Tel.: (800) 797-5499
     Website: http://www.izardnobel.com
     e-mail: Email Contact
      

Source: Izard Nobel LLP


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