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TMCNet:  The Shuman Law Firm Investigates Ixia

[May 20, 2014]

The Shuman Law Firm Investigates Ixia

BOULDER, Colo. --(Business Wire)--

The Shuman Law Firm announces that it is investigating potential claims against certain officers and directors of Ixia (News - Alert) ("Ixia" or the "Company") (Nasdaq: XXIA). 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 kip@shumanlawfirm.com or email Mr. Glenn at rusty@shumanlawfirm.com.

The Shuman Law Firm represents investors throughout the nation, concentrating its practice in stockholder litigation.


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