NEW ORLEANS, LA -- (MARKET WIRE) -- 08/02/08 -- Kahn Gauthier Swick, LLC ("KGS") remindsshareholders that September 30, 2008 is the deadline to file lead plaintiffapplications in a securities class action pending in the United StatesDistrict Court for the District of New Hampshire, on behalf of shareholderswho purchased the common stock of GT Solar International, Inc. ("GT Solar"or the "Company") (NASDAQ: SOLR) in connection with the Company's InitialPublic Offering ("IPO") on or about July 23, 2008, or who purchased sharesthereafter in the open market. No class has yet been certified in thisaction.If you would like to discuss your legal rights, you may e-mail or call KGSManaging Partner Lewis Kahn, without obligation or cost to you, toll free1-866-467-1400, ext. 100, via cell phone after hours at 504-301-7900, or byemail at lewis.kahn@kgscounsel.com.
GT Solar and certain of its officers and directors, and the Company'sunderwriters -- collectively, "defendants" -- are charged with including,or allowing the inclusion of, materially false and misleading statements inthe Registration Statement and Prospectus issued in connection with theIPO, in violation of the Securities Act of 1933. In particular, thecomplaint alleges that GT Solar failed to disclose the extent of risksurrounding its business relationship with LDK Solar Co., LTD. On July 25,2008, within days of the IPO, LDK announced that it had signed a contractwith a competitor of GT Solar. On this news, GT Solar's shares declined toa low of $9.30, closing at $12.59 per share on July 25, 2008.
If you wish to serve as lead plaintiff in this class action lawsuit, youmust move the Court no later than September 30, 2008. Any member of theputative class may move the Court to serve as lead plaintiff throughcounsel of their choice, or may choose to do nothing and remain an absentclass member. If you would like to discuss your legal rights, you maye-mail or call KGS Managing Partner Lewis Kahn, without obligation or costto you, toll free 1-866-467-1400, ext. 100, after hours via cell phone504-301-7900, or by email at lewis.kahn@kgscounsel.com. To learn moreabout KGS, you may visit www.kgscounsel.com. KGS is a law firm focused onsecurities class action litigation with offices in New Orleans and New YorkCity.
KGS' lawyers have significant experience litigating complex securitiesclass actions. Among other cases, KGS has been appointed Lead or Co-LeadCounsel in the following securities cases: In re: U.S. Auto Parts Networks,Inc. Securities Litigation, C.D. Cal.; In re Optionable, Inc. SecuritiesLitigation, S.D.N.Y.; In re Xethanol Corporation Securities Litigation,S.D.N.Y.; Pixelplus Co. Ltd., S.D.N.Y.; In re Witness Systems Inc.Securities Litigation, N.D. Ga.; Whitney Information Network, M.D. Fla.;Bodisen Biotech, Inc., S.D.N.Y.; Pegasus Wireless Corp., S.D. Fla.; In reXinhua Finance Media, Ltd. Securities Litigation, S.D.N.Y.; Terayon Comm.Systems Inc., N.D. Cal.; Gaming Partners, D. Nev.; and In re BigBandNetworks, Inc. Securities Litigation, N.D. Cal.
SPECIAL NOTICE: KGS encourages you to carefully evaluate any firm you mayconsider to represent your interests in the GT Solar class action. ThePrivate Securities Litigation Reform Act ("PSLRA") permits GT Solarshareholders to choose counsel of their choice to prosecute this action.Critical components of a law firm's ability to successfully prosecute thisaction and obtain a strong recovery for you include the resources it willdedicate to prosecution of the case, including the number of lawyers thefirm has available for the GT Solar action in particular, AND especiallythe quality of the firm's work. Interested shareholders are encouraged tocall for consultation and to request more information about KGS. While KGShas not filed suit yet, the firm is currently conducting its owninvestigation of GT Solar and invites shareholders to evaluate itscomplaint when choosing counsel.
Contact:
Lewis Kahn
Kahn Gauthier Swick, LLC
1-866-467-1400, ext. 100
Lewis.kahn@kgscounsel.com