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TMCNet:  INVESTOR ALERT: Investigation of MagnaChip Semiconductor Corporation Announced by Law Offices of Howard G. Smith

[March 11, 2014]

INVESTOR ALERT: Investigation of MagnaChip Semiconductor Corporation Announced by Law Offices of Howard G. Smith

BENSALEM, Pa. --(Business Wire)--

Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of investors of MagnaChip Semiconductor Corporation ("MagnaChip" or the "Company") (NYSE:MX) concerning possible violations of federal securities laws. The investigation focuses on certain statements issued by MagnaChip between February 1, 2012 and March 11, 2014, concerning the Company's financial performance.

MagnaChip designs and manufactures analog and mixed-signal semiconductor products for high-volume consumer applications. The investigationis related to MagnaChip's March 11, 2014, announcement that the Audit Committee of the Company's Board of Directors has determined that the Company incorrectly recognized revenue on certain transactions and as a result will restate its financial statements. According the Company, "correction of the Company's revenue recognition methodology will be applied retroactively, which the Company currently expects will require the restatement of its financial statements for each of the first, second and third quarters of 2013 and 2012 and for the years ending 2012 and 2011," and all earnings press releases and similar prior communications issued by the Company relating to those periods should not be relied upon.


If you purchased MagnaChip securities between February 1, 2012 and March 11, 2014, if you have information or would like to learn more about these claims, or if you have any questions concerning this announcement or 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 howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.


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