Brower Piven Announces an Investigation of Ixia for Potential Violations of the Federal Securities Laws

  Brower Piven Announces an Investigation of Ixia for Potential Violations of
  the Federal Securities Laws

Business Wire

STEVENSON, Md. -- April 16, 2013

Brower Piven, A Professional Corporation, has commenced an investigation of
potential securities law violations by Ixia (“Ixia” or the “Company”)
(NasdaqGS: XXIA).

The investigation of Ixia is related to the Company’s April 3, 2013
announcement that it will restate its consolidated financial statements
forthe fiscal years ended December31, 2011 and December 31, 2010, the fiscal
quarters ended March31, 2011,June30, 2011,September30, 2011, and
December31, 2011, and the fiscal quarters ended March31, 2012,June30,
2012, and September30, 2012. According to the Company’s announcement, the
errors that require the restatement of the previously issued financial
statements relate to the manner in which the Company recognized revenues
related to “its warranty and software maintenance contracts, including a
previous implied warranty and software maintenance arrangement with one of the
Company’s customers.” The announcement further stated that the Company
expected “to disclose in its 2012 Form 10-K that the Company did not maintain
effective disclosure controls and procedures and internal control over
financial reporting as of December31, 2012 because of the identified material
weaknesses related to the accuracy with which the Company had historically
recognized revenues related to its warranty and software maintenance contracts
and arrangements.”

If you purchased Ixia common stock between February 3, 2011 and April 3, 2013,
the period during which Ixia common stock may have been overvalued due to
possibly overstated financials, and would like to learn more about the
investigation being conducted by Brower Piven, you may email or call Brower
Piven, who will, without obligation or cost to you, attempt to answer your
questions. You may contact Brower Piven by email at hoffman@browerpiven.com,
by calling 410/415-6616, or at Brower Piven, A Professional Corporation, 1925
Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have
combined experience litigating securities and class action cases of over 60
years.

Contact:

Brower Piven, A Professional Corporation
Stevenson, Maryland
Charles J. Piven, 410-415-6616
hoffman@browerpiven.com
 
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