| By Business Wire |
Article Rating: |
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| September 7, 2012 05:53 PM EDT |
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428 |
The Rosen Law Firm, P.A. announces that it is investigating potential
securities claims against Audience, Inc. (NASDAQ: ADNC) resulting from
allegations that the Company Initial Public Offering ("IPO") documents
failed to disclose that Apple would not use its technology in the iPhone
5.
On May 10, 2012, Audience conducted its IPO. Audience stated that it had
licensed semiconductor IP to Apple for its latest generation of mobile
phones.
On September 6, 2012, Audience announced that "Audience now believes
that it is unlikely that [Apple] will enable Audience's processor IP in
its next generation phone." The iPhone 5 was expected to be launched on
September 21, 2012.
On this news, Audience's shares fell over 63%, damaging investors.
The Rosen Law Firm is investigating remedies available to purchasers of
Audience stock, including remedies based on Audience's failure to
disclose information it then had available regarding Apple's decision
not to use Audience's technology. If you purchased Audience stock,
please visit the website at http://rosenlegal.com
for more information. You may also contact Jonathan Horne, Esq., or
Phillip Kim, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via
e-mail at jhorne@rosenlegal.com
or pkim@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and shareholder
derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar outcome.
