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4-Traders Homepage  >  Equities  >  Nasdaq  >  Acxiom Corporation    ACXM

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ACXIOM CORP : Harwood Feffer LLP Announces Investigation of Acxiom Corporation

05/17/2011 | 05:57pm US/Eastern

Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against certain officers and directors of Acxiom Corporation. ("Acxiom") (NASDAQ: ACXM) for breaches of fiduciary duties.

On Wednesday, March 30, 2011, Acxiom issued a press release announcing the resignation of its President and Chief Executive Officer, John A. Meyer, effective March 28, 2011 and the intention of Acxiom's Chief Financial Officer, Christopher W. Wolf, to resign in the second calendar quarter of 2011. No reason was given for John Meyer's resignation. That same press release further announced that as a result of poor performance of Acxiom's international operations, Acxiom expected to record a non-cash impairment charge in the fourth quarter of fiscal 2011 in an amount between $50 and $90 million. On this news, shares of Acxiom common stock dropped approximately 22% from a March 29, 2011 closing price of $17.46 per share to a closing price of $13.50 on March 30, 2011.

If you own shares of Acxiom common stock and would like to learn more about these claims or if you wish to discuss this matter and have any questions or information concerning this announcement, please contact Robert I. Harwood, Esq. at rharwood@hfesq.com or Samuel K. Rosen, Esq. at srosen@hfesq.com. You may also call them at (212) 935-7400. For more information about class actions, or to sign up online, please visit our website: www.hfesq.com.

Harwood Feffer LLP is a national shareholder litigation firm. Harwood Feffer LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.

Attorney Advertising. © 2011 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Harwood Feffer LLP
Robert I. Harwood, Esq., 212-935-7400
Samuel K. Rosen, Esq., 212-935-7400

© Business Wire 2011
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