Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Ixia    XXIA

IXIA (XXIA)

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/16/2013 | 12:10am CET

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on IXIA
01/17 IXIA : Helps Partners Achieve Greater Profitability
01/09 IXIA : and K2-Inc. Collaborate to Bring IoT to Smart Appliances and Industrial E..
2016 IXIA : Ships First 400 Gigabit Ethernet (GbE) Test Solution to Carrier
2016 IXIA : Enhances Network Assessment and Monitoring Platform with New Wi-Fi Capabi..
2016 IXIA : Delivers Unprecedented Visibility into Virtual Data Center Traffic
2016 IXIA : Delivers Unprecedented Visibility into Virtual Data Center Traffic
2016 ANRITSU : and Ixia complete O2 Czech Republic NFV PoC
2016 IXIA : Anritsu and Ixia Successfully Complete O2 Czech Republic Network Function..
2016 IXIA : Delivers First Multi-Terabit Network Security Test Platform for Hyperscal..
2016 IXIA : Enhances Application and Threat Intelligence Processor™ to Accelera..
More news
Sector news : Communications & Networking - NEC
01/18DJAPPLE : FTC Files Lawsuit Against Qualcomm -- WSJ
01/18DJAPPLE : Federal Trade Commission Files Antitrust Lawsuit Against Qualcomm -- 3rd..
01/18DJQUALCOMM : Federal Trade Commission Files Antitrust Lawsuit Against Qualcomm -- ..
01/18DJQUALCOMM : Federal Trade Commission Files Antitrust Lawsuit Against Qualcomm -- ..
01/17DJQUALCOMM : Federal Trade Commission Files Antitrust Lawsuit Against Qualcomm
More sector news : Communications & Networking - NEC
News from SeekingAlpha
01/11 Teradyne Should Redeploy Capital Toward Growth
2016 J&J Target Offers Over 20% Upside
2016 Stifel raises target on Ixia amid reports of strategic options exploration
2016 Ixia +8%; sale exploration reported [updating]
2016 Ixia's (XXIA) CEO Bethany Mayer on Q3 2016 Results - Earnings Call Transcript