Kendall Law Group to Join Class Action on Behalf of Compellent Shareholders

Kendall Law Group plans to join a lawsuit on behalf of shareholders of Compellent Technologies, Inc. alleging violations of the federal securities laws in connection to public statements that affected stock purchased between October 28, 2009 and April 7, 2010.

Any shareholder who purchased Compellent stock during this time period may move the Court to serve as a plaintiff in this class action. If you wish to serve as lead plaintiff, you must move the Court for appointment by June 14, 2010. A lead plaintiff is a class member who acts on behalf of other class members in directing the litigation. Your ability to share in any recovery is not, affected by the decision to serve as a lead plaintiff.

The complaint alleges that Compellent and certain officers and directors made false and misleading statements about the Company’s true financial condition, business and prospects. Specifically, the complaint alleges that Compellent made positive statements about its prospects and growth while knowingly dealing with increased competition, increased expenditures to obtain new business and problems with its sales force. On April 7, 2010, Compellent announced its preliminary financial results for the first quarter of 2010. After the announcement, share prices dropped 26 percent.

Kendall Law Group has the credentials and experience to pursue any type of complex securities litigation in the nation. The firm led by former federal judge and former U.S. Attorney, is a national securities firm that represents shareholders when publicly traded companies violate the law. Shareholders who purchased Compellent common stock before or during the relevant period may have a claim against the company and are urged to contact attorney Scott Kendall for more information.