Law Offices of Howard G.
Smith announces that investors of Violin Memory, Inc. ("Violin" or
the "Company") (NYSE:VMEM) have until January 27, 2014, to move the
Court to serve as lead plaintiff in the securities fraud class action
lawsuit filed in the United States District Court for the Northern
District of California on behalf of a class (the "Class") comprising all
purchasers of Violin common stock pursuant and/or traceable to the
Company's September 26, 2013, initial public offering ("IPO").
Violin develops and supplies memory-based storage systems to bring
storage performance in line with high-speed applications, servers and
networks in the Americas, Europe and the Asia Pacific. The Complaint
alleges that the prospectus and registration statement issued in
connection with the Company's IPO were false and misleading because they
failed to disclose that the Company was being negatively impacted by
known trends affecting its sales and revenues. Specifically, the
Complaint alleges that the Company failed to disclose that, prior to the
IPO, the Company's sales and revenues were being negatively impacted by
the reprioritization of federal agencies' budgets due to the uncertainty
surrounding the negotiations over the federal budget and the possibility
of a shutdown of the federal government.
If you are a member of the Class described above, you have certain
rights and have until January 27, 2014, to move for lead plaintiff
status. To be a member of the Class you need not take any action at this
time or may retain counsel of your choice. If you purchased shares prior
to the Class Period and wish to learn more concerning your rights or
interests with respect to these matters, please contact Howard G. Smith,
Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite
112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll
Free at (888) 638-4847, or by email to [email protected],
or visit our website at http://www.howardsmithlaw.com.
Law Offices of Howard G. Smith
Howard G. Smith, Esquire