|By Business Wire||
|March 12, 2014 11:47 AM EDT||
Holzer & Holzer, LLC is investigating whether MagnaChip Semiconductor Corporation (“MagnaChip” or the “Company”) (NYSE: MX) and/or certain of its officers and directors complied with federal laws in making public statements regarding its financial results. On March 11, 2014, MagnaChip announced that an internal review by its Audit Committee determined that the Company had incorrectly recognized revenue for certain of its transactions. As a result, the Company plans to restate its financial results for the fiscal years ending December 31, 2011 and December 31, 2012, as well as the first three quarters of 2013. The price of MagnaChip stock fell dramatically following the announcement.
If you purchased MagnaChip common stock since the Company’s announcement of its financial results for 2011 and have questions concerning your legal rights, you are encouraged to contact Holzer & Holzer, LLC and its attorney Marshall P. Dees, Esq. via email at [email protected], or via toll-free telephone at (888) 508-6832.
Holzer & Holzer, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey D. Holzer is the attorney responsible for its content.