NEW YORK -- A national law firm has filed a class action suit against Nam Tai Electronics alleging that the EMS company made false and misleading statements regarding the nature of its customers and business.

Pomerantz Grossman Hufford Dahlstrom & Gross also alleges that the contract assembler failed to disclose material adverse facts about the company's business, operations, and prospects.

The firm says Nam Tai did not acknowledge that intense competition had forced it to lower unit sales prices, threatening future profitability, and anticipated cancellation and fluctuation of orders by key customers would cause it to halt capital investment into technology platforms, and that declining margins and volatility would force the halt of its best quality LCM production operations services in Shenzhen and Wuxi.

The law firm seeks unspecified damages from the contract assembler and certain of its officers and directors.

The class action was filed in the Southern District of New York court on behalf of all purchasers or acquirers of Nam Tai securities between Aug. 6, 2012, and April 26, 2013. A copy of the complaint can be obtained at pomerantzlaw.com.

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