NEW YORK, Feb. 12, 2015 (GLOBE NEWSWIRE) -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Northern District of California on behalf of investors who purchased InvenSense, Inc. ("InvenSense" or the "Company") (NYSE:INVN) securities between July 29, 2014 and October 28, 2014.
Click here to learn about the case: http://docs.wongesq.com/INVN-Info-Request-Form-609. There is no cost or obligation to you.
The complaint alleges that during the Class Period defendants issued materially false and misleading statements regarding the Company's financial performance and outlook. In particular, it is alleged that the Company concealed the adverse effects it would experience as a result of its agreement with Apple to supply sensors for the iPhone 6 and iPhone 6 plus at heavily discounted prices.
On October 28, 2014, InvenSense announced disappointing financial results for the quarter ended September 28, 2014, and further announced a substantial drop-off in margins due, in large part, to the low prices it had charged its customers, operational inefficiencies with the iPhone 6 rollout, and a charge related to old inventory.
If you suffered a loss in InvenSense you have until March 9, 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 email@example.com, by telephone at 212.425.1140, or visit http://docs.wongesq.com/INVN-Info-Request-Form-609.
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.
CONTACT: Vincent Wong, Esq. 39 East Broadway Suite 304 New York, NY 10002 Tel. 212.425.1140 Fax. 866.699.3880 E-Mail: firstname.lastname@example.orgSource:The Law Offices of Vincent Wong