|By PR Newswire||
|August 14, 2014 03:10 PM EDT||
NEW YORK, Aug. 14, 2014 /PRNewswire/ -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Eastern District of New York on behalf of investors who purchased VOXX International Corporation ("VOXX" or the "Company") (Nasdaq: VOXX) securities between May 15, 2013 and May 14, 2014.
For more information, click here: http://zlk.9nl.com/voxx-international-voxx.
The complaint alleges that during the Class Period the Company made false and/or misleading statements regarding the Company's financial performance and future prospects, and the Company failed to timely record losses for certain acquisitions, trademarks of various brands, and its Technuity business. In particular, on May 14, 2014, the Company reported an impairment charge of $57.6 million related to its Hirschmann, Invision and Klipsch acquisitions, trademarks of various brands, and its Technuity business. On this news, the VOXX shares dropped 25% to close at $7.51 per share.
If you suffered a loss in VOXX you have until September 8, 2014 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/voxx-international-voxx.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut, and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
SOURCE Levi & Korsinsky, LLP
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