The Shuman Law Firm Investigates Audience, Inc.
BOULDER, Colo. -- August 27, 2013
The Shuman Law Firm announces that it is investigating potential claims
against certain officers and directors of Audience, Inc. (“Audience” or the
“Company”) (NASDAQ: ADNC). Audience is a California-based company that
provides intelligent voice and audio solutions for mobile devices worldwide.
The Firm’s investigation concerns whether the Company’s officers and directors
misrepresented or failed to disclose that Audience's processor IP would not be
selected for use in the iPhone 5. In particular, on September 6, 2012,
Audience announced that it was unlikely that Apple, Inc. a key client, would
use Audience's earSmart voice isolation/noise cancellation technology in its
iPhone 5. On this news, Audience shares declined 63% to close at $6.90 per
share on September 7, 2012. Audience's financial security is strongly
dependent on its relationship with Apple. For the fiscal year 2010 Apple
represented 82% of Audience's revenue and in fiscal year 2011 Apple
represented 75% of Audience's revenue. These events have led to the filing of
numerous lawsuits against the Company.
If you currently own Audience common stock and are interested in discussing
your rights as a shareholder, or have information relating to this
investigation, please contact Kip B. Shuman or Rusty E. Glenn toll free at
(866) 974-8626 or email Mr. Shuman at email@example.com or email Mr. Glenn
The Shuman Law Firm represents investors throughout the nation, concentrating
its practice in stockholder litigation.
The Shuman Law Firm
Kip B. Shuman, Esq., 866-974-8626
Rusty E. Glenn, Esq., 866-974-8626
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