Member access

4-Traders Homepage  >  Shares  >  Nasdaq  >  Ixia    XXIA   US45071R1095

IXIA (XXIA)

1
Delayed Quote. Delayed Nasdaq - 04/24 11:26:02 am
13.05 USD   +0.77%
1d ago IXIA : Assigned Patent
3d ago IXIA : launches Channel Xcelerate programme
3d ago IXIA : Launches Integrated Partner Program to Accelerate Global Growth
SummaryQuotesChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 

Ixia : SHAREHOLDER ALERT: The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by Ixia

04/15/2013 | 06:10pm US/Eastern
Recommend:
0

NEW YORK, April 15, 2013 /PRNewswire/ -- Levi & Korsinsky is investigating potential claims on behalf of purchasers of Ixia ("XXIA" or the "Company") (NasdaqGS: XXIA) securities concerning possible violations of securities laws.

(Logo: http://photos.prnewswire.com/prnh/20120409/MM84375LOGO)

For more information, click here: http://zlk.9nl.com/ixia-xxia/.

On April 3, 2013, the Company disclosed that it would need to restate its financial results for the fiscal years ended December 31, 2011 and 2010, the fiscal quarters ended March 31, 2011, June 30, 2011, September 30, 2011 and December 31, 2011, and the fiscal quarters ended March 31, 2012, June 30, 2012 and September 30, 2012, and that the Company's previously issued financial statements for these periods should no longer be relied upon. According to the Company, these restatements are the result of an internal investigation which identified errors in the Company's revenue recognition practices.

The following day, shares of Ixia dropped more than 9%, to close at $18.37 per share, and dropped a further $0.58 per share on April 5, 2013, to a closing price of $17.79 per share.

If you own Ixia stock and wish to obtain additional information about the investigation and your legal rights, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/ixia-xxia/.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com

SOURCE Levi & Korsinsky, LLP

Recommend :
0
React to this article
Latest news on IXIA
1d ago IXIA : Assigned Patent
3d ago IXIA : launches Channel Xcelerate programme
3d ago IXIA : Launches Integrated Partner Program to Accelerate Global Growth
6d ago IXIA : Announces Intention to Restate 2013 First and Second Quarters,SEC Filings..
7d ago IXIA : Announces Intention to Restate 2013 First and Second Quarters, SEC Filing..
04/17 IXIA : Assigned Patent
04/14 IXIA : Helps Enterprises Protect Against the OpenSSL Heartbleed Exploitation
04/14 IXIA : Helps Enterprises Protect Against the OpenSSL Heartbleed Exploitation
04/13 IXIA : Releases Integrated Partner Program
04/09 IXIA : Assigned Patent
Dynamic quotes  
ON
| OFF