INVESTOR ALERT: The Law Offices of Vincent Wong Notify Investors of Class Action Involving QLogic Corporation and a Lead Plaintiff Deadline of November 27, 2015 -- QLGC
NEW YORK, Nov. 12, 2015 (GLOBE NEWSWIRE) -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Central District of California on behalf of investors who purchased QLogic Corporation (“QLogic” or the “Company”) (Nasdaq:QLGC) common stock between April 30, 2015 and July 30, 2015.
Click here to learn about the case: http://docs.wongesq.com/QLGC-Info-Request-Form-979. There is no cost or obligation to you.
The Complaint alleges that QLogic made materially false and/or misleading statements and/or failed to disclose that the Company was being adversely affected by lower than expected demand due to weakness in its enterprise server and storage markets, and that it was being negatively impacted by operational issues.
On July 9, 2015, QLogic lowered its revenue estimate for the first quarter ended June 28, 2015 citing a general weakness in the Company’s traditional enterprise server and storage markets and inventory build-up at certain of its OEM customers. Then on July 30, 2015, QLogic announced its final first quarter results were consistent with its preliminary results due to the undisclosed operational issues.
If you suffered a loss in QLogic you have until November 27, 2015 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 Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.425.1140, or visit http://docs.wongesq.com/QLGC-Info-Request-Form-979.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
Vincent Wong, Esq. 39 East Broadway Suite 304 New York, NY 10002 Tel. 212.425.1140 Fax. 866.699.3880 E-Mail: vw@wongesq.com
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