Broadwind Energy, Inc.

Lead Plaintiff Deadline: 04/12/11

Date filed: 02/11/11

Class period: March 17, 2009 through August 09, 2010.

Court: Northern District of Illinois

NASDAQ: BWEN

On February 11, 2011, a securities class action complaint was filed in the United States District Court for the Northern District of Illinois against Broadwind Energy, Inc. (“Broadwind Energy” or the “Company”) and certain of its executive officers, alleging violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder, during the alleged class period of March 17, 2009 through August 09, 2010.

Broadwind Energy, based in Naperville, Illinois, provides products and services to wind turbine manufacturers, wind farm developers and wind farm operators, with access to an array of wind component and service offerings. As alleged in the complaint, defendants failed to disclose material adverse facts about the Company’s true financial condition, business, and prospects throughout the class period, including that: (i) one of the company’s subsidiaries, R.B.A., Inc. (“RBA”), which was acquired through acquisition, was experiencing significant issues with key contracts; (ii) Broadwind Energy was improperly delaying the recognition of the impairment of its goodwill and intangible assets related to its acquisition of RBA, in violation of Generally Accepted Accounting Procedures; (iii) the Company was experiencing a reduction in demand from its customers; and (iv) as a result of the foregoing, defendants lacked a reasonable basis for their positive statements about the company and its prospects.

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