NEW YORK, NY / ACCESSWIRE / October 20, 2015 / Pomerantz LLP is investigating claims on behalf of investors of Exar Corporation ("Exar" or the "Company") (NASDAQ: EXAR). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.

The investigation concerns whether Exar and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

On October 20, 2015, pre-market, the company announced that CEO Louis DiNardo will resign from his position and from the board, by "mutual agreement" with the company. Concurrently, the company announced that it expects to report below-consensus revenue and earnings for the quarter.

On this news, the company's stock has fallen as much as $1.12, or 16.8%, during intraday trading on October 20, 2015.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

SOURCE: Pomerantz LLP