The Rosen Law Firm is investigating the filing of a class action lawsuit on behalf of purchasers of  Harris Stratex Networks, Inc. stock.  The proposed lawsuit is based on allegations that Harris Stratex issued materially false and misleading statements about its financial condition prior to and following its formation in early 2007 through the date of the merger of Stratex and the Harris Microwave Communications Division.

On July 30, 2008 the Company announced that it discovered accounting errors which rendered its previously issued financial statements to be incorrect.  According to the announcement, the Company expects that the errors would cause previously reported pre-tax income to be reduced by $18 million to $25 million.  Thus, the Company announced that its prior financial statements for the first three quarters of fiscal 2008 and the fiscal years 2005-2007 should no longer be relied upon.

As a result of these adverse disclosures, the Rosen Law Firm is investigating the filing of claims against Harris Stratex for violation of the of the federal securities laws.

If you would like to participate in the proposed class action, click on the link to the right of this page.

If you would like further information concerning your legal rights, please contact Laurence Rosen, Esq. or Phillip Kim, Esq. of The Rosen Law Firm toll free at 866-767-3653