NEW YORK, Feb. 18, 2015 /PRNewswire/ -- The Law Offices of
Vincent Wong announce that a class
action lawsuit has been commenced in the USDC 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.
Click here to learn about the case:
http://docs.wongesq.com/INVN-Info-Request-Form-609. There is
no cost or obligation to you.
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 Vincent
Wong, Esq. either via email vw@wongesq.com, by telephone at
212.425.1140, or visit
http://docs.wongesq.com/INVN-Info-Request-Form-609.
Vincent Wong, Esq. is an
experienced attorney that has represented investors in securities
litigations involving financial fraud and violations of shareholder
rights. Attorney advertising. Prior results do not guarantee
similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com
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SOURCE The Law Offices of Vincent
Wong