NEW YORK, Feb. 9, 2015 /PRNewswire/ -- Faruqi & Faruqi,
LLP, a leading national securities law firm, notifies investors in
InvenSense, Inc. ("InvenSense" or the "Company") (NYSE: INVN)
of the March 9, 2015 deadline to seek
the role of lead plaintiff in a federal securities class action
lawsuit filed against InvenSense and certain executives.
A complaint has been filed in the Northern District of
California on behalf of all
persons who purchased InvenSense common stock from July 29, 2014 through October 28, 2014, inclusive (the "Class
Period").
The complaint alleges that the Company and its executives
violated federal securities laws with respect to its disclosures
concerning its business, operations, and prospects.
Specifically, the action alleges that during the Class Period,
InvenSense made false and/or misleading statements regarding the
negative impact to the Company's margins from the heavily
discounted prices it was charging its customers for its supply
sensors.
On October 28, 2014, InvenSense
announced there was a substantial decline in its margins due
largely to low prices it had charged its customers.
Following this news, the price of the Company's stock declined
by $5.40, or over 25%, to close at
$16.08 on October 29, 2014.
Request more information now by clicking here:
www.faruqilaw.com/INVN. There is no cost or obligation to
you.
Take Action
If you invested in InvenSense stock, bonds
or options from July 29, 2014 through
October 28, 2014, and would like to
discuss your legal rights, visit www.faruqilaw.com/INVN. You
can also contact us by calling Richard
Gonnello toll free at 877-247-4292 or at 212-983-9330 or by
sending an e-mail to rgonnello@faruqilaw.com. Faruqi &
Faruqi, LLP also encourages anyone with information regarding
InvenSense's conduct to contact the firm, including whistleblowers,
former employees, shareholders and others.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The
firm is focused on providing exemplary legal services in complex
litigation in the areas of securities, shareholder, antitrust and
consumer litigation, throughout all phases of litigation. The
firm has an experienced trial team which has achieved significant
victories on behalf of the firm's clients. To keep track of the
latest securities litigation news, follow us on Twitter at
www.twitter.com/MergerActivity or on Facebook at
www.facebook.com/FaruqiLaw.
Attorney Advertising. The law firm responsible for this
advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or
predict a similar outcome with respect to any future matter.
We welcome the opportunity to discuss your particular case.
All communications will be treated in a confidential manner.
FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello,
Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330
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