An investigation on behalf of investors of Avid Technology, Inc. (NASDAQ:AVID) shares over possible violations of securities laws by Avid Technology and certain of its directors and officers was announced.
Investors who purchased shares of Avid Technology, Inc. (NASDAQ:AVID), have certain options and should contact the Shareholders Foundation at mail@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 Avid Technology, Inc. (NASDAQ:AVID) concerning whether certain statements by Avid Technology regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On March 15, 2017 Avid Technology, Inc. said it would postpone a conference call that was scheduled to review fourth quarter financial results. Avid Technology, Inc. said the delay will allow its independent auditor to conduct “routine procedures related to the 2016 financial audit.”
On April 3, 2017, NASDAQ:AVID shares closed at $4.66 per share.
Those who purchased NASDAQ:AVID shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com