Brower Piven Encourages Investors Who Have Losses in Excess of $100,000 From Investment in MRV Communications, Inc. to Inquire About the Lead Plaintiff Position in Securities Fraud Class Action Lawsuit Before the September 8, 2008 Lead Plaintiff Deadline

SOURCE:

Brower Piven, A Professional Corporation

2008-07-15 16:44:00

BALTIMORE, MD–(EMWNews – July 15, 2008) – Brower Piven, A Professional Corporation

announces that a class action lawsuit has been commenced in the United

States District Court for the District of Central District of California

on behalf of purchasers of the common stock of MRV Communications, Inc.

(“MRV” or the “Company”) (NASDAQ: MRVC) between March 31, 2003 through June

5, 2008, inclusive (the “Class Period”).

No class has yet been certified in the above action. Members of the Class

will be represented by the lead plaintiff and counsel chosen by the lead

plaintiff. If you wish to choose counsel to represent you and the Class,

you must apply to be appointed lead plaintiff no later than September 8,

2008 and be selected by the Court. The lead plaintiff will direct the

litigation and participate in important decisions including whether to

accept a settlement and how much of a settlement to accept for the Class in

the action. The lead plaintiff will be selected from among applicants

claiming the largest loss from investment in the Company during the Class

Period. You may contact Brower Piven (through hoffman@browerpiven.com or

410/332-0030) to answer questions you may have regarding the lead plaintiff

process.

The complaint charges defendants with violations under the Securities

Exchange Act of 1934 by withholding material facts from the investing

public. The complaint alleges that during the Class Period, defendants

made false and misleading statements concerning the Company’s employee

stock option grant practices and financial results including: that the

Company had problems with its internal controls that prevented it from

issuing accurate financial reports and projections; that due to improperly

recorded stock-based compensation expenses the Company’s financial results

violated GAAP; and that the Company’s public disclosures covering a

seven-year period presented an inflated view of MRV’s earnings and earnings

per share. The complaint also alleges that on June 5, 2008, MRV announced

an expected restatement of its 2002 to 2008 financial statements and that

its previously-issued financial statements, earnings press releases, and

similar communications should no longer be relied upon, thus causing the

value of Company shares to decline.

If you have suffered a net loss for all transactions in MRV Communications,

Inc. common stock during the Class Period, you may obtain additional

information about this lawsuit and your ability to become a lead plaintiff

by contacting Brower Piven at www.browerpiven.com, by email at

hoffman@browerpiven.com, by calling 410-332-0030, or at Brower Piven, A

Professional Corporation, The World Trade Center-Baltimore, 401 East Pratt

Street, Suite 2525, Baltimore, Maryland 21202. Attorneys at Brower Piven

have combined experience litigating securities and class action cases of

over 40 years. If you choose to retain counsel, you may retain Brower Piven

without financial obligation or cost to you, or you may retain other

counsel of your choice. You need not take any action at this time to be a

member of the class.

CONTACT:
Charles J. Piven
Brower Piven, A Professional Corporation
Baltimore, Maryland
410/332-0030

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