SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of QLogic Corporation of Pendency of Class Action Lawsuit and a Lead Plaintiff Deadline of November 27, 2015 -- QLGC
(firmenpresse) - NEW YORK, NY -- (Marketwired) -- 10/22/15 -- The following statement is being issued by Levi & Korsinsky, LLP:
("QLogic" or "the Company") (NASDAQ: QLGC) .
that a securities class action lawsuit has been commenced in the United States District Court for the Central District of California. If you purchased or otherwise acquired securities of QLogic between April 30, 2015 and July 30, 2015, your rights may be affected by this action. To get more information :
or contact Joseph E. Levi, Esq. either via email at or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
The Complaint alleges that QLogic made materially false and/or misleading statements and/or failed to disclose that the Company was being adversely affected by lower than expected demand due to weakness in its enterprise server and storage markets, and that it was being negatively impacted by operational issues.
On July 9, 2015, QLogic lowered its revenue estimate for the first quarter ended June 28, 2015 citing a general weakness in the Company's traditional enterprise server and storage markets and inventory build-up at certain of its OEM customers. Then on July 30, 2015, QLogic announced its final first quarter results were consistent with its preliminary results due to the undisclosed operational issues.
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.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 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 E. Levi, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
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Datum: 22.10.2015 - 17:27 Uhr
Sprache: Deutsch
News-ID 428894
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