|[May 20, 2014]
The Shuman Law Firm Investigates Ixia
BOULDER, Colo. --(Business Wire)--
Shuman Law Firm announces that it is investigating potential claims
against certain officers and directors of Ixia (News - Alert) ("Ixia" or the "Company")
Ixia provides converged Internet Protocol network validation and etwork
visibility solutions that are used to design, verify, and monitor
Ethernet, Wi-Fi, and 3G/LTE (News - Alert) equipment and networks.
The Firm's investigation relates to the Company's March 5, 2014
announcement that it had concluded its internal investigation into its
accounting practices. The investigation concluded that the Company's top
officers were not found to have engaged in widespread fraud. Despite
this conclusion, Ixia's CFO, Tom Miller (News - Alert), resigned. This follows the
Company's October 24, 2013, announcement that its President, CEO, and
member of the board of directors, Victor Alston, resigned after it had
been determined that he had misstated his academic credentials, age and
early employment history.
Ixia's common stock currently trades at approximately $12.00 per share,
down from more than $22.00 per share as recently as March 2013.
If you currently own Ixia common stock and are interested in discussing
your rights, or have information relating to this investigation, please
contact Kip B. Shuman or Rusty E. Glenn toll free at (866) 974-8626 or
email Mr. Shuman at firstname.lastname@example.org
or email Mr. Glenn at email@example.com.
The Shuman Law Firm represents investors throughout the nation,
concentrating its practice in stockholder litigation.
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