SNDK INVESTOR ALERT: Glancy Binkow & Goldberg LLP Reminds Investors of the May 29, 2015 Lead Plaintiff Deadline
April 23 2015 - 10:30AM
Business Wire
Glancy Binkow & Goldberg LLP reminds investors of the
May 29, 2015 deadline by which to file a lead plaintiff motion in
the class action pending in the United States District Court for
the Northern District of California on behalf of a class (the
“Class”) comprising purchasers of the securities of SanDisk
Corporation (“SanDisk” or the “Company”) (NASDAQ:SNDK) between
October 16, 2014 and March 25, 2015, inclusive (the “Class
Period”). Investors with losses in excess of $100,000 in SanDisk
stock are encouraged to contact Casey Sadler, at (310) 201-9150, or
by e-mail to shareholders@glancylaw.com, to discuss this
matter.
SanDisk designs, develops, manufactures, and markets data
storage solutions in the United States and internationally. The
Complaint alleges that throughout the Class Period, Defendants made
materially false and misleading statements regarding quality
control within the corporate organizational structure, and an
overall decline in the Company’s sale of enterprise products and
its competitive advantages.
On March 26, 2015, before the market opened, the Company issued
a press release announcing a large reduction in its forecasted
revenues. The Company disclosed, that 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.
To be a member of the Class you need not take any action at this
time; you may retain counsel of your choice or take no action and
remain an absent member of the Class. If you wish to learn
more about this action, or if you have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Casey Sadler,
Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park
East, Suite 2100, Los Angeles, California 90067, 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 AngelesCasey Sadler,
310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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