SHAREHOLDER ALERT: Brower Piven Encourages Investors With Losses Over $100,000 In VOXX International Corp. To Contact The Fir...
August 12 2014 - 4:08PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, announces that a class action lawsuit has
been commenced in the United States District Court for the Eastern
District of New York on behalf of purchasers of VOXX International
Corporation (“VOXX” or the “Company”) (Nasdaq:VOXX) common stock
between May 15, 2013 and May 14, 2014, inclusive (the “Class
Period”), and informs investors who wish to become proactively
involved in the litigation that they have until September 8, 2014
to seek appointment as lead plaintiff.
If you have suffered a loss from investment in VOXX common stock
purchased on or after May 15, 2013 and held through the revelation
of negative information during and/or at the end of the Class
Period, as described below, and would like to learn more about this
lawsuit and your ability to participate as a lead plaintiff,
without cost or obligation to you, please visit our website at
http://www.browerpiven.com/currentsecuritiescases.html. You may
also request more information by contacting Brower Piven either by
email at hoffman@browerpiven.com or by telephone at (410)
415-6616.
No class has yet been certified in the above action. Members of
the Class will be represented by the lead plaintiff and counsel
chosen by the lead plaintiff. If you wish to choose counsel to
represent you and the Class, you must apply to be appointed lead
plaintiff no later than September 8, 2014 and be selected by the
Court. The lead plaintiff will direct the litigation and
participate in important decisions including whether to accept a
settlement and how much of a settlement to accept for the Class in
the action. The lead plaintiff will be selected from among
applicants claiming the largest loss from investment in Company
units during the Class Period.
The complaint accuses the defendants of violations of the
Securities Exchange Act of 1934 by virtue of the defendants’
failure to disclose during the Class Period that the Company was
experiencing declining sales in its Premium Audio and Consumer
Accessories segments and had failed to timely record losses,
including in connection with certain acquisitions. According to the
complaint, following the Company’s January 9, 2014 lowered guidance
and the Company’s May 14, 2014 announcement of financial result
below guidance and an impairment charge related to, among other
things, certain acquisitions, the value of VOXX shares declined
significantly.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s. If you
choose to retain counsel, you may retain Brower Piven without
financial obligation or cost to you, or you may retain other
counsel of your choice. You need take no action at this time to be
a member of the class.
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
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