Law Offices of Todd M. Garber Announces Lead Plaintiff Deadline In The Class Action Lawsuit Against Avid Technology, Inc.

  Law Offices of Todd M. Garber Announces Lead Plaintiff Deadline In The Class
  Action Lawsuit Against Avid Technology, Inc.

Business Wire

LOS ANGELES -- April 12, 2013

The Law Offices of Todd M. Garber announces that shareholders of Avid
Technology, Inc. (“Avid” or the “Company”) (NASDAQ:AVID) have until May 24,
2013 to move for lead plaintiff status in the shareholder lawsuit filed in the
United States District Court for the District of Massachusetts. The lawsuit
was filed on behalf of a class (the “Class”) comprising all purchasers of Avid
securities between April 22, 2011 and February 22, 2013, inclusive (the “Class
Period”).

Avid provides digital media content-creation products and solutions for audio,
film, video, broadcast professionals, artists and creative enthusiasts in the
Americas, the Asia-Pacific, Europe, the Middle East and Africa. The Complaint
alleges that the defendants made false and/or misleading statements or failed
to disclose material adverse facts about the Company's business, operations
and prospects. Specifically, throughout the Class Period defendants
misrepresented or failed to disclose that: (1) the Company incorrectly
accounted for its Software Updates by failing to properly treat the Software
Updates as post-contract customer support under U.S. Generally Accepted
Accounting Principles; (2) the Company lacked adequate internal and financial
controls; and (3) as a result of the foregoing, the Company's statements were
materially false and misleading at all relevant times.

If you are a member of the above-described Class, you may move the Court no
later than May 24, 2013 to serve as lead plaintiff; however, you must meet
certain legal requirements. To be a member of the Class you need not take any
action at this time. You may retain counsel of your choice or take no action
and remain an absent Class member. If you wish to discuss this action or have
any questions concerning this Notice or your rights or interests with respect
to these matters, please contact Todd M. Garber, Esquire, of the Law Offices
of Todd M. Garber, by telephone at 213-700-7262 or by email to
info@toddgarberlaw.com.

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.

Contact:

Law Offices of Todd M. Garber
Todd M. Garber, Attorney at Law
Los Angeles, California
213-700-7262
info@toddgarberlaw.com
 
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