Levi & Korsinsky Notifies Investors with Losses in Itron, Inc.

of the April 25, 2011 Lead Plaintiff Deadline â ITRI Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Eastern District of Washington on behalf o f purchasers of the common stock of Itron, Inc. ("Itron" or the "Company") (Nasd aq: ITRI) during the period between April 28, 2010 and February 16, 2011 (the "C lass Period"). New York, NY, March 10, 2011 -- Levi & Korsinsky announces that a class action l awsuit has been commenced in the United States District Court for the Eastern Di strict of Washington on behalf of purchasers of the common stock of Itron, Inc. ("Itron" or the "Company") (Nasdaq: ITRI) during the period between April 28, 20 10 and February 16, 2011 (the "Class Period"). The complaint alleges that Itron and certain of its executive officers violated federal securities laws by failing to disclose that (i) Itron improperly recogni zed revenue on a contract due to an extended warranty obligation; (ii) the Compa ny's revenue and financial results were overstated during the Class Period; (iii ) the Company's financial results were not prepared in accordance with GAAP; (iv ) Itron lacked adequate internal and financial controls; and (v), as a result, t he Company's financial statements were materially misleading. On February 16, 2011, Itron announced it was restating its financial results to correct improperly recognized revenue on a contract due to an extended warranty obligation. The restatement reduced total revenue for the first nine months of 2 010 by $6.1 million and both GAAP and non-GAAP diluted earnings per share were r educed by $0.11. The next day, Itron shares fell $6.33, to close at $57.29. If you are a member of the class, you have until April 25, 2011 to request that the Court appoint you as lead plaintiff for the class. Your ability to share in any recovery is not affected by the decision whether or not to serve as a lead p laintiff. If you have suffered a loss in Itron stock, you may obtain additional informatio n about this lawsuit by contacting Joseph E. Levi, Esq. either via email at jlev i@zlk.com or by telephone at (877) 363-5972, or by visiting http://www.zlk.com/i tron-itri.html. Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents invest ors throughout the nation, concentrating its practice in securities and sharehol der litigation. For more information, please feel free to contact any of the att orneys listed below. Attorney advertising. Prior results do not guarantee simila r outcomes. Contact: Levi & Korsinsky, LLP, Joseph Levi, Esq., Eduard Korsinsky, Esq., 30 Br oad Street - 15th Floor, New York, NY 10004, Tel: (212) 363-7500, Toll Free: (87 7) 363-5972, Fax: (212) 363-7171, www.zlk.com Contact: Joanna Chlebus Levi & Korsinsky, LLP 30 Broad St, 15th Floor New York, NY 10004 212-363-7500 jchlebus@zlk.com http://www.zlk.com