|[May 07, 2014]
ATTENTION SILVER SPRING SHAREHOLDERS: Shareholder Rights Law Firm Johnson & Weaver, LLP Announces Investigation of Silver Spring Networks, Inc.
SAN DIEGO --(Business Wire)--
Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating
potential violations of the federal securities laws by Silver Spring
Networks, Inc. (NYSE: SSNI) and certain of its officers. Silver Spring
Networks provides networking platforms and solutions that enable
utilities to transform the power grid infrastructure into the smart grid.
Specifically, Johnson & Weaver's investigation seeks to determine
whether certain statements regarding Silver Spring Networks' business
and prospects were false and misleading when made.
On March 13, 2013, Silver Spring Networks' stock opened for trading
at $22.00. That day the Company sold 4.75 million shares of stock
in its initial public stock offering (the "IPO"). However, since the
IPO, the Company stock has traded fom a high of $33.82 on August 5,
2013 to $9.75 in mid-day trading on May 7, 2014.
"In its IPO, Silver Spring Networks raised $81 million in new capital,"
said James Baker, lead analyst for Johnson & Weaver. "The stock price
has been in a downward spiral since August and insiders have been
aggressively selling shares. We will be investigating whether investors
were misled about the value of their investment in the Company."
If you are a Silver Spring Networks shareholder and are interested in
learning more about the investigation or your legal rights and remedies,
please contact Jim Baker (firstname.lastname@example.org)
at 619-814-4471. If you email, please include your phone number.
Johnson & Weaver, LLP is a nationally recognized shareholder rights law
firm with offices in California and New York. The firm represents
individual and institutional investors in shareholder derivative and
securities class action lawsuits. For more information about the firm
and its attorneys, please visit http://www.johnsonandweaver.com.
Attorney advertising. Past results do not guarantee future outcomes.
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