Glancy Prongay & Murray LLP Announces the Filing of a Securities Class Action on Behalf of Skullcandy, Inc. Investors
March 03 2016 - 10:30AM
Business Wire
Glancy Prongay & Murray LLP (“GPM”) announces the filing of
a class action lawsuit on behalf of investors who purchased
Skullcandy, Inc. (“Skullcandy” or the “Company”) (NASDAQ: SKUL)
securities between August 7, 2015 and January 11, 2016,
inclusive (the “Class Period”). Injured investors are encouraged to
contact Lesley Portnoy, Esq. to discuss their legal rights in this
class action.
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: (1) that the
Company issued false and misleading earnings guidance and (2) that
the Company was experiencing challenges with its largest Chinese
distributor. Additionally, 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 purchased shares of Skullcandy during the Class Period,
you have until April 12, 2016 to ask the Court to appoint
you as lead plaintiff. If you 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 Lesley Portnoy of GPM, 1925 Century Park
East, Suite 2100, Los Angeles, California 90067 at 310-201-9150,
Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com,
or visit our website at http://www.glancylaw.com. If you inquire by
email please include your mailing address, telephone number and
number of shares purchased.
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/20160303005412/en/
Glancy Prongay & Murray, Los AngelesLesley Portnoy,
310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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