|[March 12, 2014]
MAGNACHIP SEMICONDUCTOR SHAREHOLDERS: Johnson & Weaver, LLP Announces Investigation of MagnaChip Semiconductor Corporation
SAN DIEGO --(Business Wire)--
Shareholder rights law firm Johnson & Weaver, LLP is investigating
whether certain officers and directors of MagnaChip Semiconductor
Corporation (NYSE: MX) violated state or federal laws in connection with
statements issued regarding MagnaChip's business, operations and
On January 27, 2014, MagnaChip announced a delay in fourth quarter 2013
earnings and investor conference call in order to provide additional
time for the Company to complete its review of financial results. Then
on March 11, 2014, it was made known that MagnaChip had incorrectly
recognized revenue on certain transactions and consequently would need
to restate its financial statements as ar back as December 31, 2011.
Since the January announcement, shares of MagnaChip have fallen more
than 28% as of mid-morning on March 11, 2014.
If you have information that could assist in this investigation, or
if you are a MagnaChip shareholder and are interested in learning more
about the investigation or your legal rights and remedies, please
contact Jim Baker (email@example.com) by
email or by phone at 619-230-0063, Ext. 118. If you email, please
include your phone number.
Johnson & Weaver, LLP is a nationally recognized shareholder rights law
firm with offices in California and New York. The firm represents
individual and institutional investors in shareholder derivative and
securities class action lawsuits. For more information about the firm
and its attorneys, please visit http://www.johnsonandweaver.com.
Attorney advertising. Past results do not guarantee future outcomes.
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