SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Skullcandy, Inc. of Class Action Lawsuit and a Lead Plainti...
February 16 2016 - 12:07PM
The following statement is being issued by Levi & Korsinsky,
LLP:
To: All persons or entities who
purchased or otherwise acquired securities of
Skullcandy, Inc. (“Skullcandy”) (NASDAQ:SKUL)
between August 7, 2015 and January 11, 2016.
You are hereby notified that a
securities class action has been commenced in the USDC for
the District of Utah, Central Division. If you purchased or
otherwise acquired Skullcandy securities between August 7, 2015 and
January 11, 2016, your rights may be affected by this action. To
get more information go to:
http://zlk.9nl.com/skullcandy.
The complaint alleges that during the Class Period defendants
issued materially false and misleading statements to investors
and/or failed to disclose material facts, including: (a) that the
Company issued false and misleading earnings guidance and (b) that
the Company was experiencing challenges with its largest Chinese
distributor. The complaint further alleges that the aforementioned
omissions and/or misleading statements led Skullcandy to trade at
artificially inflated prices, permitting certain insiders to engage
in unusual insider selling and the realization of proceeds in
excess of $4 million.
If you suffered a loss in Skullcandy you
have until April 12, 2016 to request that the Court
appoint you as lead plaintiff. Your ability to share in any
recovery doesn’t require that you serve as a lead plaintiff. To
obtain additional information, contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/skullcandy.
Levi & Korsinsky is a national firm with
offices in New York, New Jersey, California, Connecticut, and
Washington D.C. The firm’s attorneys have extensive expertise and
experience representing investors in securities litigation
involving financial fraud, and have recovered hundreds of millions
of dollars for aggrieved shareholders. Attorney advertising. Prior
results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
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