SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of
Investors of Ixia - XXIA
NEW YORK, Oct. 25, 2013
NEW YORK, Oct. 25, 2013 /PRNewswire/ -- Pomerantz Grossman Hufford Dahlstrom &
Gross LLP is investigating claims on behalf of investors of Ixia ("Ixia" or
the "Company")(NASDAQ: XXIA). Such investors are advised to contact Robert S.
Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 237.
The investigation concerns whether Ixia and certain of its officers and/or
directors have violated Sections 10(b) and 20(a) of the Securities Exchange
Act of 1934. On October 24, 2013, Ixia announced that Vic Alston has resigned
as its President and CEO and as a member of its board of directors following a
determination by the Ixia audit committee that although he had attended
Stanford University, he had misstated his academic credentials, incorrectly
claiming to have received a B.S. and a M.S. in Computer Science, and had
misstated his age and early employment history.
On this news, shares of Ixia fell $1.11 per share to more than 7.06% on
intraday trading to a price of $14.61 on October 25, 2013.
The Pomerantz Firm, with offices in New York, Chicago, San Diego and Florida,
is acknowledged as one of the premier firms in the areas of corporate,
securities, and antitrust class litigation. Founded by the late Abraham L.
Pomerantz, known as the dean of the class action bar, the Pomerantz Firm
pioneered the field of securities class actions. Today, more than 70 years
later, the Pomerantz Firm continues in the tradition he established, fighting
for the rights of the victims of securities fraud, breaches of fiduciary duty,
and corporate misconduct. The Firm has recovered numerous multimillion-dollar
damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
Pomerantz Grossman Hufford Dahlstrom & Gross LLP
SOURCE Pomerantz Grossman Hufford Dahlstrom & Gross LLP
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