INVESTOR ALERT: Investigation of SanDisk Corporation Announced by Glancy Binkow & Goldberg LLP
March 27 2015 - 10:30AM
Business Wire
Glancy Binkow & Goldberg LLP announces that it is
investigating potential claims on behalf of investors of SanDisk
Corporation (“SanDisk” or the “Company”) (NASDAQ: SNDK) concerning
possible violations of federal securities laws. The investigation
focuses on certain statements issued by the Company concerning
SanDisk’s business and financial prospects.
Please contact Lesley Portnoy at (888) 773-9224 or (310)
201-9150, or at shareholders@glancylaw.com to discuss this matter.
If you inquire by email please include your mailing address,
telephone number and number of shares purchased.
SanDisk designs, develops, manufactures, and markets data
storage solutions in the United States and internationally.
Specifically, the investigation relates to the Company’s March 26,
2015 announcement that it expects its revenue for the fiscal first
quarter “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.” As the Company disclosed,
this reduction in guidance was “primarily due to certain product
qualification delays, lower than expected sales of enterprise
products and lower pricing in some areas of the business.” On this
news, shares of SanDisk declined $14.98 per share, or 18.45%, to
close on March 26, 2015, at $66.20 per share, on unusually heavy
volume.
If you purchased SanDisk shares, if you have information, or
would like to learn more about these claims and have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Lesley Portnoy, Esquire,
of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite
2100, Los Angeles, California 90067, by toll-free telephone at
(888) 773-9224 or by telephone at (310) 201-9150, by e-mail to
shareholders@glancylaw.com, or visit our website at
http://www.glancylaw.com. If you inquire by email, please include
your mailing address, telephone number and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
Glancy Binkow & Goldberg LLP, Los Angeles, CALesley
Portnoy888-773-9224310-201-9150shareholders@glancylaw.comwww.glancylaw.com
Sandisk (NASDAQ:SNDK)
Historical Stock Chart
From Mar 2024 to Apr 2024
Sandisk (NASDAQ:SNDK)
Historical Stock Chart
From Apr 2023 to Apr 2024