DALLAS, TX -- (Marketwire) -- 07/30/09 -- Kendall Law Group, led by a former federal judge and U.S. Attorney, announces that a lawsuit has been filed on behalf of Accuray (NASDAQ: ARAY) shareholders who purchased stock between February 7, 2007 and August 19, 2008. Also included are those who purchased common stock pursuant or traceable to the Company's Initial Public Offering on February 7, 2007.

Any shareholder, who purchased ARAY stock during the above time period, may move the Court to serve as lead plaintiff in this class action. If you wish to serve as lead plaintiff, you must move the Court for appointment by September 21, 2009. A lead plaintiff is a class member who acts on behalf of other class members in directing the litigation. Lead plaintiffs make important decisions which could affect the overall recovery for class members.

According to the Complaint, filed in the Northern District of California, defendants violated federal securities laws by failing to disclose material information concerning contracts in Accuray's "backlog." The company changed is definition of "backlog" in public statements and reported backlog orders of the company's CyberKnife system that did not have a high probability of being booked as revenue.

While Kendall Law Group has not filed a lawsuit against the defendants, the firm does has extensive experience in representing investors against companies accused of securities fraud. Led by a former federal judge and U.S. Attorney, the firm has the credentials to pursue any type of complex securities litigation in the nation. If you wish to learn more about your rights as an Accuray shareholder or serving as a lead plaintiff, contact attorney Hamilton Lindley at 877-744-3728 or hlindley@kendalllawgroup.com.