Fuel cell maker sued for Microsoft claims
C|Net | at | by Mike
Earlier this month, Medis Technologies announced that it struck a fuel cell deal with Microsoft. Now it's being sued for that statement.
The Rosen Law Firm in New York City has initiated a class action lawsuit on behalf of Medis shareholders, alleging that the publicly traded company misled investors about the scope of the deal. Microsoft is not identified as a party in the suit. In a press release earlier this month, Medis said it started shipping its 24/7 fuel cells and that its first customer was Microsoft.