|[May 09, 2014]
UPCOMING DEADLINE: Levi & Korsinsky, LLP Reminds Investors of Class Action Against MAGNACHIP SEMICONDUCTOR CORPORATION and Its Board of Directors and a Lead Plaintiff Deadline of May 12, 2014 -- MX
NEW YORK --(Business Wire)--
Levi & Korsinsky announces that a class action lawsuit has been
commenced in the United States District Court for the Northern District
of California on behalf of investors who purchased MagnaChip
Semiconductor Corporation ("MagnaChip" or the "Company") (NYSE:MX)
common stock between January 30, 2013 and March 11, 2014.
For more information, click here: http://zlk.9nl.com/magnachip-semiconductor.
On January 27, 2014, MagnaChip announced the postponement of its fourth
quarter 2013 earnings release and investor conference call, citing the
need for additional time to review its finacial results for the fourth
quarter and full year 2013. Then on March 11, 2014, MagnaChip announced
that its Audit Committee had determined that the Company had incorrectly
recognized revenue related to certain transactions. As a result of these
errors, MagnaChip announced that its financial statements for the fiscal
years ended December 31, 2012 and December 31, 2011, and the quarters
ended March 31, June 30, and September 30 for the years 2012 and 2013
should no longer be relied upon.
If you suffered a loss in MagnaChip you have until May 12, 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@example.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/magnachip-semiconductor.
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. For more information, please feel
free to contact any of the attorneys listed below. Attorney advertising.
Prior results do not guarantee similar outcomes.
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