Wolf Haldenstein Adler Freeman & Herz LLP announces that a class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of all persons or entities who purchased or otherwise acquired Ixia ("Ixia" or the "Company") (NASDAQ:XXIA) securities between April 29, 2010 and October 24, 2013, inclusive (the "Class Period").

Ixia delivers information technology solutions to a wide variety of organizations through real-time monitoring, real-world testing, and rapid assessment of networks and systems.

According to the complaint, Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. On March 19, 2013, Ixia announced that it had filed with the SEC relating to the Company's Annual Report on Form 10-K for the year ended December 31, 2012, and that the Company needed to delay the filing of its Annual Report, "to correct an error related to the manner in which [Ixia] recognizes revenues for its warranty and software maintenance contracts."

On April 3, 2013, Ixia announced that after a further evaluation of the Company's finances, and identifying an additional error in the Company's revenue recognition practices that required correction, the Company's management recommended to the audit committee of the Company that the Company restate previously issued financial statements for the fiscal years ended December 31, 2011 and 2010, and the fiscal quarters ended March 31, 2011, June 30, 2011, September 30, 2011, March 31, 2012, June 30, 2012, and September 30, 2012 (the, "Restated Periods"); and, that the financial statements from the Restated Periods should no longer be relied upon. On this news, the Company's shares declined $1.94 per share, or over 9.5%, to close on April 4, 2013, at $18.37 per share.

Furthermore, on October 24, 2013, the Company disclosed that its President and CEO had misstated his academic credentials, incorrectly claiming to have received a B.S. and a M.S. in Computer Science, and had misstated his age and early employment history. On this news, the Company's shares declined $0.78 per share, or nearly 5%, to close on October 25, 2013, at $14.94 per share. The CEO subsequently resigned.

If you purchased Ixia securities during the Class Period, you may, no later than January 14, 2014, request that the Court appoint you as lead plaintiff of the class.

If you are a shareholder of Ixia (NASDAQ:XXIA), have $50,000 or more in losses and would like additional information concerning your shareholder rights in this matter, please contact us at:

Benjamin Y. Kaufman or Patrick Donovan
Wolf Haldenstein Adler Freeman & Herz LLP
270 Madison Avenue
New York, New York 10016

Phone Numbers:
(800) 575-0735
(212) 545-4600

Wolf Haldenstein has represented individual and institutional investors for many years, serving as lead counsel in numerous cases in United States federal and state courts. Please visit the Wolf Haldenstein website (http://www.whafh.com) for more information about the firm.

Wolf Haldenstein did not file the original complaint against Ixia.

Email:
Classmember@whafh.com, kaufman@whafh.com or Donovan@whafh.com and please reference "Ixia Investigation."

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Wolf Haldenstein Adler Freeman & Herz LLP
Benjamin Y. Kaufman or Patrick Donovan
800-575-0735
212-545-4600
Classmember@whafh.com
kaufman@whafh.com
Donovan@whafh.com