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Law Offices of Howard G. Smith Announces Class Action Lawsuit Against XenoPort, Inc.

^{Published on 2010-07-29 18:00:50 - Market Wire}
 

BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that a securities class action lawsuit has been filed on behalf of all persons or entities who purchased the common stock of XenoPort, Inc. (aXenoPorta or the aCompanya) (Nasdaq:XNPT) between May 5, 2009 and February 17, 2010, inclusive (the aClass Perioda). The class action lawsuit was filed in the United States District Court for the Northern District of California.

The Complaint alleges that during the Class Period the Company and certain of its executive officers violated federal securities laws by issuing material misrepresentations to the market and/or failing to disclose material adverse information concerning XenoPorta™s business and financial prospects, thereby artificially inflating the price of the Companya™s securities.

No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased XenoPort, Inc. common stock between May 5, 2009 and February 17, 2010, you have certain rights, and have until September 27, 2010, to move for Lead Plaintiff status. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215)638-4847, Toll-Free at (888)638-4847, by email to [ howardsmith@howardsmithlaw.com ] or visit our website at [ www.howardsmithlaw.com ].