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Brower Piven Announces Class Action Lawsuit Against U.S. Auto Parts Network, Inc.

Brower Piven Announces Class Action Lawsuit Against U.S. Auto Parts Network, Inc.

BALTIMORE, MD -- (MARKET WIRE) -- 03/30/07 -- The law firm of Brower Piven, A Professional Corporation, today announced that a securities class action was commenced on behalf of shareholders who purchased or otherwise acquired the common stock of U.S. Auto Parts Network, Inc. (NASDAQ: PRTS) in connection with its February 8, 2007 Initial Public Offering ("IPO") or who purchased shares thereafter on the open market (the "Class Period").

The case is pending in the United States District Court for the Central District of California against defendant U.S. Auto Parts Network, Inc., its Underwriters Thomas Weisel Partners, Piper Jaffray & Co., JMP Securities and RBC Capital Markets Corp., and each member of its Board of Directors. The action charges that defendants violated federal securities laws by issuing a series of materially false and misleading statements in the registration statement and proxy-prospectus issued in connection with the IPO.

No class has yet been certified in the above action. If you are a member of the proposed class, you may retain counsel of your choice, and you may move the court no later than May 28, 2007 to serve as a lead plaintiff for the proposed class. In order to serve as a lead plaintiff, you must meet certain legal requirements. To be a member of the proposed class you need not take any action at this time.

If you acquired shares (or purchased call options or sold put options) of U.S. Auto Parts Network, Inc. during the Class Period indicated and want to discuss your legal rights, you may e-mail or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. David Brower and Charles Piven have combined experience in securities and class action litigation of over 40 years. You may contact Brower Piven at The World Trade Center-Baltimore, 401 East Pratt Street, Suite 2525, Baltimore, Maryland 21202, by email at [email protected] or by calling 410/986-0036.

CONTACT:
Brower Piven, A Professional Corporation
Baltimore, Maryland
Charles J. Piven
410/986-0036
Email Contact

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