NEW YORK, Aug. 14, 2014 /PRNewswire/ -- Levi &
Korsinsky 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 investors
who purchased VOXX International Corporation ("VOXX" or the
"Company") (Nasdaq: VOXX) securities between May 15, 2013 and May 14,
2014.
For more information, click here:
http://zlk.9nl.com/voxx-international-voxx.
The complaint alleges that during the Class Period the Company
made false and/or misleading statements regarding the Company's
financial performance and future prospects, and the Company failed
to timely record losses for certain acquisitions, trademarks of
various brands, and its Technuity business. In particular, on
May 14, 2014, the Company
reported an impairment charge of $57.6
million related to its Hirschmann, Invision and Klipsch
acquisitions, trademarks of various brands, and its Technuity
business. On this news, the VOXX shares dropped 25% to close at
$7.51 per share.
If you suffered a loss in VOXX you have until September 8, 2014 to request that the Court
appoint you as lead plaintiff. Your ability to share in any
recovery doesn't require that you serve as a lead plaintiff. To
obtain additional information, contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972, or visit
http://zlk.9nl.com/voxx-international-voxx.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, Connecticut, and Washington D.C. The
firm's 26 attorneys have extensive expertise in prosecuting
securities litigation involving financial fraud, representing
investors throughout the nation in securities and shareholder
lawsuits. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
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SOURCE Levi & Korsinsky, LLP