ACXIOM CORP : Harwood Feffer LLP Announces Investigation of Acxiom Corporation
05/17/2011| 05:57pm US/Eastern
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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
rharwood@hfesq.com
or
Samuel
K. Rosen, Esq., 212-935-7400
srosen@hfesq.com
© Business Wire 2011
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