Aerosonic Securities Litigation

The Aerosonic Securities Class Action claims that Defendants misled investors by misrepresenting the financial results, operations and condition of Aerosonic. In sum, Plaintiffs allege that Aerosonic publicly filed financial statements and other documents with the U.S. Securities and Exchange Commission and issued press releases and other statements that contained false and misleading information about the Company's financial results and condition. Plaintiffs also allege that Defendants Nabors, McCracken, Reed and Norstrud are responsible for causing Aerosonic to issue those false and misleading statements, and that PricewaterhouseCoopers issued false audit opinions in connection with Aerosonic's misleading financial statements. The Aerosonic Securities Class Action claims that as a result of these false and misleading statements, the value of Aerosonic common stock was inflated, and that investors who purchased Aerosonic common stock at these inflated prices were damaged. All Defendants deny the allegations and deny that they did anything wrong.

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