The Shareholders Foundation announces that an investigation on behalf of investors of Peregrine Semiconductor Corp (NASDAQ:PSMI) shares was launched over potential securities laws violations by Peregrine Semiconductor and certain of its directors and officers in connection certain financial statements.
Investors who purchased shares of Peregrine Semiconductor Corp (NASDAQ:PSMI) in August 2012 or shortly thereafter have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Peregrine Semiconductor Corp (NASDAQ:PSMI) concerning whether a series of statements by Peregrine Semiconductor regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Peregrine Semiconductor Corp reported that its Total Revenue declined from $203.91 million for the 52 weeks period that ended on Dec. 29, 2012 to $202.32 million in 52 weeks period that ended on Dec. 28, 2013 and that its Net Income of $7.27 million for the 52 weeks period that ended on Dec. 29, 2012 declined to a Net Loss of $4.05 million for the 52 weeks period that ended on Dec. 28, 2013
Shares of Peregrine Semiconductor Corp (NASDAQ:PSMI) declined from $18.74 per share in September 2012 to as low as $5.08 per share in February 2014.
On March 17, 2014, NASDAQ:PSMI shares closed at $6.03 per share.
Those who purchased shares of Peregrine Semiconductor Corp have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com