Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Avid Technology, Inc.

Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Avid Technology,

PR Newswire

NEW YORK, March 7, 2013

NEW YORK, March 7, 2013 /PRNewswire/ -- Attorney Advertising --Bronstein,
Gewirtz & Grossman, LLC is investigating potential claims on behalf of
purchasers of the securities of Avid Technology, Inc. ("Avid" or the
"Company") (NasdaqGS: AVID -News). The investigation focuses on whether the
Company and certain of its officers and directors have violated federal
securities laws.

On February 25, 2013, Shares of Avid fell $0.68 or 8.88%, to close at $6.98
per share after the Company announced it will postpone the release of its
fourth quarter 2012 earnings to provide additional time for the Company to
evaluate its current and historical accounting treatment related to bug fixes,
upgrades and enhancements to certain products which the Company had provided
to certain customers. Avid further indicated that it currently could not
estimate when it will complete its evaluation.

If you are aware of any facts relating to this investigation, or purchased
shares Avid, you can assist this investigation by contacting either Peretz
Bronstein or Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at
212-697-6484 or via email Those who inquire by e-mail are
encouraged to include their mailing address and telephone number.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our
primary expertise is the aggressive pursuit of litigation claims on behalf of
our clients. In addition to representing institutions and other investor
plaintiffs in class action security litigation, the firm's expertise includes
general corporate and commercial litigation, as well as securities
arbitration. Attorney advertising. Prior results do not guarantee similar

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman, 212-697-6484

SOURCE Bronstein, Gewirtz & Grossman, LLC
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