|[December 13, 2013]
Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline In The Class Action Lawsuit Against Ixia
BENSALEM, Pa. --(Business Wire)--
Law Offices of Howard G. Smith announces that investors of Ixia (News - Alert) (the
"Company") (NASDAQ:XXIA) have until January 14, 2014, to move the Court
to serve as lead plaintiff in the securities fraud class action lawsuit
filed in the United States District Court for the Central District of
California on behalf of a class (the "Class") comprising all purchasers
of Ixia securities between April 29, 2010 and October 24, 2013,
inclusive (the "Class Period").
Ixia delivers information technology solutions including real-time
monitoring, real-world testing, and rapid assessment of network and
system user behavior, security vulnerabilities, capacity, application
performance, and IT resiliency. The Complaint alleges that throughout
the Class Period the defendants made false and/or misleading statements
andfailed to disclose material adverse facts about the Company's
business, operations, and prospects. Specifically, the defendants
misrepresented or failed to disclose that:
The Company improperly recognized revenues related to its warranty and
software maintenance contracts.
The Company's Chief Executive Officer misstated his academic
credentials and employment history.
The Company lacked adequate internal and financial controls.
If you are a member of the Class described above, you have certain
rights and have until January 14, 2014, to move for lead plaintiff
status. To be a member of the class you need not take any action at this
time or may retain counsel of your choice. If you purchased shares prior
to the Class Period and wish to learn more concerning your rights or
interests with respect to these matters, please contact Howard G. Smith,
Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite
112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll
Free at (888) 638-4847, or by email to firstname.lastname@example.org,
or visit our website at http://www.howardsmithlaw.com.
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