Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit on Behalf of Investors of A123 Systems, Inc.

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Glancy Binkow & Goldberg LLP announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of a class (the “Class”) comprising all purchasers of the securities of A123 Systems, Inc. (“A123” or the “Company”) (OTC MARKETS:AONEQ) between February 28, 2011 and October 16, 2012, inclusive (the “Class Period”).

A COPY OF THE COMPLAINT IS AVAILABLE FROM THE COURT OR FROM GLANCY BINKOW & GOLDBERG LLP. PLEASE CONTACT US TOLL-FREE AT (888) 773-9224, OR AT (212) 682-5340, OR BY EMAIL TO SHAREHOLDERS@GLANCYLAW.COM TO DISCUSS THIS MATTER. IF YOU INQUIRE BY EMAIL PLEASE INCLUDE YOUR MAILING ADDRESS, TELEPHONE NUMBER AND NUMBER OF SHARES PURCHASED.

A123, which filed for bankruptcy protection in October 2012, developed, manufactured and sold advanced lithium-ion batteries and energy storage systems, including batteries and battery systems for hybrid electric vehicles. A123’s largest customer was Fisker Automotive, Inc. The Complaint alleges that during the Class Period certain officers and directors of the former Company issued materially false and misleading statements concerning A123’s financial performance and prospects. Specifically, defendants misrepresented or failed to disclose Fisker’s inability to meet production milestones related to a funding agreement with the U.S. Department of Energy, which threatened Fisker’s ability to pay A123, and the adverse effect Fisker’s weakening financial position was having on A123’s investment in Fisker preferred stock and the Company’s own financial performance and prospects.

If you are a member of the Class described above you may move the Court no later than November 26, 2013, to serve as lead plaintiff; however, you must meet certain legal requirements.

If you wish to learn more about this action or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, Toll Free at (888) 773-9224, or contact Gregory Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd Street, Suite 2920, New York, New York 10168, at (212) 682-5340, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


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