San Diego, CA -- (SBWIRE) -- 12/16/2014 -- A deadline is coming up on March 9, 2015 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of ModusLink Global Solutions Inc (NASDAQ: MLNK) between September 26, 2007 through June 8, 2012.

If you invested a significant amount of shares of ModusLink Global Solutions Inc (NASDAQ: MLNK) between September 26, 2007 through June 8, 2012, you have certain options and you should contact the Shareholders Foundation by email at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The settlement proof of claim form or detailed settlement notice for the settlement in the ModusLink Global Solutions Inc (NASDAQ: MLNK) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/moduslink-global-solutions-inc-nasdaq-mlnk-investor-securities-class-action-lawsuit-06122012

In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is March 9, 2015. The class action administrator for this case is Epiq Systems, Inc.

The lawsuit was originally filed in in the U.S. District Court for the District of Massachusetts against ModusLink Global Solutions Inc over alleged Violations of Federal Securities Laws Laws in connection with certain allegedly false and misleading statements made between September 26, 2007 through June 8, 2012.

According to the complaint the plaintiff alleges on behalf of investors who purchased or otherwise acquired ModusLink Global Solutions Inc (NASDAQ: MLNK) common stock during the period from September 26, 2007 through June 8, 2012, ModusLink Global Solutions Inc and certain of its executive officers violated the Securities Exchange Act of 1934 by issuing allegedly materially false and misleading statements regarding the Company's business and prospects.

ModusLink Global Solutions Inc reported that its Total Revenue fell from $1billion for the 12months period ending on July 31, 2009 to $876.47million for the 12months period ending on July 31, 2011. However, it also reported that over the same time periods its Net Loss decreased from $193.45million to $49.02million.

Shares of ModusLink Global Solutions Inc (NASDAQ: MLNK) rose from as low as $1.75 per share in March '09 to over $11 per share in March 2010.

For the most part of 2011 NASDAQ: MLNK shares traded between $4 and $6 per share.
Then on June 11, 2012, ModusLink Global Solutions Inc announced that it will delay the filing of the third quarter FY 2012 results and that it expects to restate its financial results from FY 2007 through first two quarters of the FY 2012. Furthermore, ModusLink Global Solutions Inc said that its President and CEO retired effective immediately upon the appointment of a new chief executive officer and its president, global operations for ModusLink left the company effective immediately.

Shares of ModusLink Global Solutions Inc (NASDAQ: MLNK) dropped from $4.27 on Friday June 8, 2012 to $2.64 on Monday, June 11, 2012.

Those who purchased shares of ModusLink Global Solutions Inc (NASDAQ: MLNK) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com