Federman & Sherwood Announces That a Securities Class Action Lawsuit Has Been Filed Against Powerwave Technologies, Inc. (SYS-CON Media) On January 17, 2007, a class action lawsuit was filed in the United States District Court for the Central District of California against Powerwave Technologies, Inc. . The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material misrepresentations to the market ... [News Source]