SHAREHOLDER ALERT: Brower Piven Encourages Investors With Losses Over $100,000 in VOXX International Corporation to Contact t...
July 30 2014 - 4:56PM
The securities litigation law firm of Brower Piven, A Professional
Corporation, announces that a class action lawsuit has been
commenced in the United States District Court for the Eastern
District of New York on behalf of purchasers of VOXX International
Corporation ("VOXX" or the "Company") (Nasdaq:VOXX) common stock
between May 15, 2013 and May 14, 2014, inclusive (the "Class
Period"), and informs investors who wish to become proactively
involved in the litigation that they have until September 8, 2014
to seek appointment as lead plaintiff.
If you have suffered a loss from investment in VOXX common stock
purchased on or after May 15, 2013 and held through the revelation
of negative information during and/or at the end of the Class
Period, as described below, and would like to learn more about this
lawsuit and your ability to participate as a lead plaintiff,
without cost or obligation to you, please visit our website at
http://www.browerpiven.com/currentsecuritiescases.html. You may
also request more information by contacting Brower Piven either by
email at hoffman@browerpiven.com or by telephone at (410)
415-6616.
No class has yet been certified in the above
action. Members of the Class will be represented by the lead
plaintiff and counsel chosen by the lead plaintiff. If you
wish to choose counsel to represent you and the Class, you must
apply to be appointed lead plaintiff no later than September 8,
2014 and be selected by the Court. The lead plaintiff will
direct the litigation and participate in important decisions
including whether to accept a settlement and how much of a
settlement to accept for the Class in the action. The lead
plaintiff will be selected from among applicants claiming the
largest loss from investment in Company units during the Class
Period.
The complaint accuses the defendants of violations of the
Securities Exchange Act of 1934 by virtue of the defendants'
failure to disclose during the Class Period that the Company was
experiencing declining sales in its Premium Audio and Consumer
Accessories segments and had failed to timely record losses,
including in connection with certain acquisitions. According
to the complaint, following the Company's January 9, 2014 lowered
guidance and the Company's May 14, 2014 announcement of financial
result below guidance and an impairment charge related to, among
other things, certain acquisitions, the value of VOXX shares
declined significantly.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s. If
you choose to retain counsel, you may retain Brower Piven without
financial obligation or cost to you, or you may retain other
counsel of your choice. You need take no action at this time
to be a member of the class.
CONTACT: Charles J. Piven
Brower Piven, A Professional Corporation
1925 Old Valley Road
Stevenson, Maryland 21153
Telephone: 410-415-6616
hoffman@browerpiven.com
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