Glancy Binkow & Goldberg LLP, representing investors of Ixia (the "Company") (NASDAQ:XXIA), has filed a class action lawsuit in the United States District Court for the Central District of California on behalf of a class (the "Class") comprising all purchasers of Ixia securities between April 29, 2010 and October 24, 2013, inclusive (the "Class Period").

A COPY OF THE COMPLAINT IS AVAILABLE FROM THE COURT OR FROM GLANCY BINKOW & GOLDBERG LLP. PLEASE CONTACT US TOLL-FREE AT (888) 773-9224, OR AT (212) 682-5340, OR BY EMAIL TO SHAREHOLDERS@GLANCYLAW.COM TO DISCUSS THIS MATTER. IF YOU INQUIRE BY EMAIL PLEASE INCLUDE YOUR MAILING ADDRESS, TELEPHONE NUMBER AND NUMBER OF SHARES PURCHASED.

Ixia delivers information technology solutions including real-time monitoring, real-world testing, and rapid assessment of network and system user behavior, security vulnerabilities, capacity, application performance, and IT resiliency. The Complaint alleges that throughout the Class Period the defendants made false and/or misleading statements and failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, the defendants misrepresented or failed to disclose that:

  • The Company improperly recognized revenues related to its warranty and software maintenance contracts.
  • The Company's Chief Executive Officer misstated his academic credentials and employment history.
  • The Company lacked adequate internal and financial controls.

If you are a member of the Class described above you may move the Court no later than January 14, 2014, to serve as lead plaintiff; however, you must meet certain legal requirements. If you wish to learn more about this action, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, Toll Free at (888) 773-9224, or contact Gregory Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd Street, Suite 2920, New York, New York 10168, at (212) 682-5340, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Glancy Binkow & Goldberg LLP, Los Angeles, CA
Michael Goldberg, 888-773-9224
or
Glancy Binkow & Goldberg LLP, New York, NY
Gregory Linkh, 212-682-5340 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com