NEW YORK, Feb. 9, 2015 /PRNewswire/ -- 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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