EQUITY ALERT: The Rosen Law Firm Reminds SanDisk Corporation Investors of the Important Class Action Deadline – SNDK
May 06 2015 - 2:24PM
Business Wire
The Rosen Law Firm, a global investor rights firm, reminds
purchasers of SanDisk Corporation (NASDAQ: SNDK) securities from
October 16, 2014 through March 25, 2015 of the important May 29,
2015 lead plaintiff deadline in the class action. The lawsuit seeks
to recover damages for SanDisk investors under the federal
securities laws.
To join the SanDisk class action, go to the firm’s website at
http://www.rosenlegal.com/cases-574.html or call Phillip Kim, Esq.
or Kevin Chan, Esq. toll-free at 866-767-3653 or email
pkim@rosenlegal.com or kchan@rosenlegal.com for information on the
class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A
CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU
RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO
NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
The lawsuit alleges that SanDisk made false and/or misleading
statements and/or failed to disclose that: (1) the Company was
encountering production qualification delays on certain of its key
products; (2) the Company was experiencing lower than expected
sales of its enterprise products; (3) the Company was susceptible
to lower pricing in some areas of its business; and (4) as a
result, the Company would be forced to announce drastically lower
first quarter revenue estimates compared to prior forecasts, and
completely withdraw its 2015 financial forecasts.
On March 26, 2015, the Company announced that it expects revenue
for the first quarter to be $1.3 billion, compared to the
previously forecasted revenue range of $1.4 billion to $1.45
billion. The Company primarily attributed this reduction 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 fell $14.98 per share to
close at $66.20 per share on March 26, 2015, damaging
investors.
A class action lawsuit has already been filed. If you wish to
serve as lead plaintiff, you must move the Court no later than May
29, 2015. If you wish to join the litigation, go to the firm’s
website at http://www.rosenlegal.com/cases-574.html or to discuss
your rights or interests regarding this class action, please
contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm
toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or
kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Laurence Rosen, Esq.Phillip Kim, Esq.Kevin Chan, Esq.The Rosen
Law Firm, P.A.275 Madison Avenue, 34th FloorNew York, NY 10016Tel:
212-686-1060Toll Free: 866-767-3653Fax:
212-202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.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