|[June 26, 2014]
ATTENTION VOXX SHAREHOLDERS: Shareholder Rights Law Firm Johnson & Weaver, LLP Announces Investigation of Voxx International Corporation
SAN DIEGO --(Business Wire)--
Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating
potential violations of federal securities laws by Voxx International
Corporation (NASDAQ: VOXX) and certain of its officers. Voxx operates as
a manufacturer and distributor in the automotive, premium audio, and
consumer accessories industries.
Specifically, Johnson & Weaver's investigation seeks to determine
whether shareholders were materially misled by certain statements the
company made, thereby inflating the stock price of Voxx.
On May 14, 2014, after the markets closed, Voxx reported fourth quarter
and full year revenues and earnings for fiscal year 2014. For the year,
the company reported that net sales were $809.7 million, a decrease of
3.1% compared to net sals of $835.6 million reported in the comparable
period a year ago. The fourth quarter revenue totaled $187.1 million,
far less than analysts' expectations of $205.47 million. Voxx also
issued full year fiscal 2015 revenue guidance of $825 million to $830
million, compared to the analysts' consensus estimate of $870.59
million. On this news, Voxx stock closed down 25% on May 15, 2014 at
If you are a Voxx shareholder and are interested in learning more
about the investigation or your legal rights and remedies, please
contact Jim Baker (firstname.lastname@example.org)
at 619-814-4471. If you email, please include your phone number.
Johnson & Weaver, LLP is a nationally recognized shareholder rights law
firm with offices in California, New York and Georgia. 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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