SanDisk Shareholders: The Law Offices of Howard G. Smith Reminds Investors Of The May 29, 2015 Lead Plaintiff Deadline
May 11 2015 - 10:30AM
Business Wire
Law Offices of Howard G. Smith 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 securities are encouraged
to 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 howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
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.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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