ATTENTION INVENSENSE SHAREHOLDERS: Shareholder Rights Law Firm Johnson & Weaver, LLP Announces Investigation of InvenSense, I...
January 06 2015 - 9:01PM
Business Wire
Shareholder Rights Law Firm Johnson & Weaver, LLP is
investigating potential violations of the federal securities laws
by InvenSense, Inc. (NYSE: INVN) and certain of its officers.
InvenSense designs, develops, markets, and sells
micro-electro-mechanical system (MEMS) gyroscopes for motion
tracking devices in consumer electronics.
Specifically, Johnson & Weaver’s investigation seeks to
determine whether certain statements regarding the Company’s
business and prospects were false and misleading when made. On
October 28, 2014, InvenSense announced disappointing financial
results for the quarter ended September 28, 2014 and disclosed a
significant drop-off in margins. The Company cited that the margin
erosion was in large part to low pricing for Apple and Samsung,
operational inefficiencies with the iPhone 6 rollout, and a
charge related to old inventory. On this news, InvenSense shares
plummeted more than 25% in one day.
If you are an InvenSense shareholder and are interested in
learning more about the investigation or your legal rights and
remedies, please contact Jim Baker
(jimb@johnsonandweaver.com) at 619-814-4471. If you
email, please include your phone number.
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California, New York and Georgia.
The firm represents individual and institutional investors in
shareholder derivative and securities class action lawsuits. For
more information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com. Attorney advertising. Past results
do not guarantee future outcomes.
Johnson & Weaver, LLPJim Baker,
619-814-4471jimb@johnsonandweaver.com
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