Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nasdaq  >  Ixia    XXIA

IXIA (XXIA)

Delayed Quote. Delayed  - 06/24 10:00:03 pm
9.53 USD   -6.93%
06/22 IXIA : Wins 2016 NetworkWorld Asia Information Management Award for ..
06/14 IXIA : Transforms Development Lifecycle for Software Developers
06/09 IXIA : Garners Multiple Best of Show Awards at Interop Tokyo in Visi..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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 CEST

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
React to this article
Latest news on IXIA
06/22 IXIA : Wins 2016 NetworkWorld Asia Information Management Award for Network Test..
06/14 IXIA : Transforms Development Lifecycle for Software Developers
06/09 IXIA : Garners Multiple Best of Show Awards at Interop Tokyo in Visibility, Secu..
06/08 IXIA : Mentor Graphics Joins Ixia’s Xceed Technology Partner Program to En..
06/07 IXIA : HyperBox, a Leading Japanese Hosting Service Provider, Chooses Ixia&rsquo..
06/07 IXIA : ’s ThreatARMOR Improves Security Tool Efficiency of Large-Scale Ent..
06/06 IXIA : Submission of Matters to a Vote of Security Holders, Other Events (form 8..
06/03 IXIA : to Showcase Industry’s First 400GbE Test System with Forward Error ..
05/25 IXIA : and QualiTest Speed Delivery of End-to-End Networking Test Solutions
05/24 IXIA : Joins New IP Agency, Becomes Exclusive Provider of Network Test Solutions..