MagnaChip Semiconductor Corporation: SAN Apr 11, 2014 - Hagens Berman Sobol Shapiro LLP an investor-rights law firm with offices in San Francisco, reminds investors in MagnaChip Semiconductor Corporation /quotes/zigman/4306047/delayed /quotes/nls/mx MX -2.03% MagnaChip that the lead plaintiff deadline for the securities fraud class action filed in the Northern District of California is May 12, 2014 not May 5, 2012 as some other firms have advised. Investors who have suffered financial losses can contact Hagens Berman Partner Reed Kathrein, who is leading the firms investigation, by calling 510-725-3000, emailing MX@hbsslaw.com or visiting http://hb-securities.com/investigations/MagnaChip . , according to Market Watch. On Jan. 27, 2014, after the close of trading, MagnaChip announced that it would postpone its fourth quarter 2013 earnings release and investor conference call, previously scheduled for Jan. 28, 2014, to provide additional time for the company to complete its review of financial results for the fourth quarter and full year of 2013. Following this news, MagnaChip shares declined $1.41 per share, or more than eight percent, to close at $16.16 per share on Jan. 28, 2014. The securities fraud class-action lawsuit, filed on March 12, 2014, is on behalf of investors who purchased stock between Jan. 30, 2013 and March 11, 2014 the Class Period and alleges that the defendant failed to disclose its lack of control over financial reporting and also improperly recognized its revenues. During this time frame MagnaChip issued new stock in two separate offerings.
(news.financializer.com). As
reported in the news.
Tagged under Hagens Berman Sobol Shapiro LLP, MagnaChip topics.