INVESTOR ALERT: Investigation of Skullcandy, Inc. Announced by Law Offices of Howard G. Smith
February 25 2016 - 10:30AM
Business Wire
Law Offices of Howard G. Smith announces an investigation
on behalf of investors of Skullcandy, Inc. (“Skullcandy” or the
“Company”) (NASDAQ: SKUL) concerning the Company and its officers’
possible violations of federal securities laws. Injured investors
are encouraged to contact the Law Offices of Howard G. Smith to
discuss their legal rights.
On January 11, 2016, Skullcandy issued a press release
announcing the Company's financial outlook for the fourth quarter
2015. The disclosure stated in part that Skullcandy “now expects
net sales to be approximately flat with 2014 levels” primarily due
to “disappointing holiday results, combined with the impact on
gross margin from product mix shift driven by a higher percentage
of gaming headset sales during the holiday season”.
On this news, Skullcandy stock fell $1.29, more than 28%, to
close at $3.26 per share on January 12, 2016.
If you purchased Skullcandy securities, have information or
would like to learn more about these claims, or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Howard G. Smith, Esquire,
of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847,
toll-free at (888) 638-4847, or by email
to howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20160225005360/en/
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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