Important Class Action Deadline for Avid Technology Shareholders, Says the
Rosen Law Firm -- AVID
NEW YORK, April 26, 2013 (GLOBE NEWSWIRE) -- The Rosen Law Firm reminds
investors of the important May 24, 2013 lead plaintiff deadline in the class
action lawsuit on behalf purchasers of the securities of Avid Technology, Inc.
(Nasdaq:AVID) during the period from April 22, 2011 to February 22, 2013
seeking to recover damages for violations of the federal securities laws.
To join the AVID class action, visit the firm's website at
http://rosenlegal.com, or call Phillip Kim, Esq. or Kevin Chan, toll-free, at
866-767-3653; you may also email firstname.lastname@example.org or email@example.com
for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS
CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY
CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.
The Complaint alleges that throughout the Class Period defendants made false
and misleading statements and failed to disclose material adverse facts about
the Company's business, operations and prospects. Specifically, 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 wish to serve as lead plaintiff, you must move the Court no later than
May 24, 2013. A lead plaintiff is a representative party acting on behalf of
other class members in directing the litigation. If you wish to join the
litigation, or to discuss your rights or interests regarding this class
action, please contact Phillip Kim, Esq. of The Rosen Law Firm, toll-free, at
866-767-3653, or via e-mail at firstname.lastname@example.org. You may also visit the
firm's website at http://rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating
its practice in securities class actions and shareholder derivative
CONTACT: Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm P.A.
275 Madison Avenue, 34th Floor
New York, New York 10016
Tel: (212) 686-1060
Toll Free: 1-866-767-3653
Fax: (212) 202-3827
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