NEW YORK, March 26, 2015 /PRNewswire-USNewswire/ --
Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is
investigating potential claims on behalf of purchasers of the
securities of SanDisk Corp. ("SanDisk" or the "Company") (NasdawGS:
SNDK -News). Such investors are advised to contact
Peretz Bronstein or his investor
relations coordinator Eitan Kimelman
at info@bgandg.com or 212-697-6484.
The investigation concerns whether SanDisk and certain of its
officers and/or directors have violated Sections 10(b) and 20(a) of
the Securities Exchange Act of 1934.
On March 26, 2014, SanDisk
announced that "it expects its revenue for the first fiscal
quarter, which will end on March 29,
2015, to be approximately $1.3
billion, depending on final sell-through results, compared
to the previously forecasted revenue range of $1.40 billion to $1.45 billion.
The change in first quarter revenue estimate is primarily due to
certain product qualification delays, lower than expected sales of
enterprise products and lower pricing in some areas of the
business. The Company expects continued impact to its 2015
financial results from these factors as well as the previously
identified supply challenges, and now forecasts 2015 revenue to be
lower than the previous guidance."
Following this news, shares of SanDisk fell $14.98 or 18.45% during intraday trading to trade
at $66.20 per share on March 26, 2015.
If you are aware of any facts relating to this investigation, or
purchased shares of SanDisk, you can assist this investigation by
contacting Peretz Bronstein or his
Investor Relations Coordinator Eitan
Kimelman of Bronstein, Gewirtz & Grossman, LLC at
212-697-6484 or via email info@bgandg.com. Those who inquire
by e-mail are encouraged to include their mailing address, email
and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation
boutique. Our primary expertise is the aggressive pursuit of
litigation claims on behalf of our clients. In addition to
representing institutions and other investor plaintiffs in class
action security litigation, the firm's expertise includes general
corporate and commercial litigation, as well as securities
arbitration. Attorney advertising. Prior results do not
guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
info@bgandg.com
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SOURCE Bronstein, Gewirtz & Grossman, LLC