INVN SHAREHOLDER ALERT: LEVI & KORSINSKY, LLP Notifies Investors of Class Action Against InvenSense, Inc. and Its Board of Di...
January 08 2015 - 4:27PM
Levi & Korsinsky announces that a class action lawsuit has been
commenced in the United States District Court for the Northern
District of California on behalf of investors who purchased
InvenSense, Inc. ("InvenSense" or the "Company") (NYSE:INVN)
securities between July 29, 2014 and October 28, 2014.
For more information, click here:
http://zlk.9nl.com/invensense-invn. The complaint
alleges that during the Class Period defendants issued materially
false and misleading statements regarding the Company's financial
performance and outlook. In particular, it is alleged that the
Company concealed the adverse effects it would experience as a
result of its agreement with Apple to supply sensors for the iPhone
6 and iPhone 6 plus at heavily discounted prices.
On October 28, 2014, InvenSense announced disappointing
financial results for the quarter ended September 28, 2014, and
further announced a substantial drop-off in margins due, in large
part, to the low prices it had charged its customers, operational
inefficiencies with the iPhone 6 rollout, and a charge related to
old inventory.
If you suffered a loss in InvenSense you have until March 9,
2015 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/invensense-invn.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm's
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits and
have helped shareholders recover millions of dollars in losses over
the years. For more information, please feel free to contact any of
the attorneys listed below. Attorney advertising. Prior results do
not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
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