A class action has been filed in the United States District Court for the Southern District of New York on behalf of purchasers of SMART Technologies Inc. ("SMART Technologies" or the "Company") (NASDAQ: SMT) common stock pursuant to its July 2010 initial public offering ("IPO") of 38.8 million shares at $17 per share. The complaint alleges that SMART Technologies violated the Securities Act by failing to disclose in the IPO registration statement and prospectus that sales had been adversely impacted by a slowdown during the second quarter of fiscal year 2011. Insiders sold over $500 million worth of Company stock in the IPO.

On November 9, 2010, just three months after the IPO, SMART Technologies reported that its second quarter financial results fell below analyst estimates and reduced its 2011 revenue forecast to the range of $770 million to $805 million, down from $850 million to $885 million.

In response, shares of SMART Technologies fell over 30% to $8.91 per share.

If you are a current shareholder and purchased pursuant to its July 2010 initial public offering ("IPO") and would like to discuss your options of exercising your rights as a shareholder, please contact us.

Please submit the following information so we can determine if you qualify for the suit. If you don't know all the specific details, partial information is also acceptable.