NEW YORK, March 6, 2015 (GLOBE NEWSWIRE) — 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”) (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 email@example.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.
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