NEW YORK, Jan. 26, 2015 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A., a global investor rights firm, reminds purchasers InvenSense, Inc. common stock (NYSE:INVN) between July 29, 2014 and October 28, 2014 of the important March 9, 2015 lead plaintiff deadline in the class action.
To join the InvenSense class action, visit the firm's website at http://www.rosenlegal.com/cases-471.html, or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free, at 866-767-3653; you may also email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.
According to the lawsuit, InvenSense concealed the adverse impact from its agreement with Apple to supply sensors for the iPhone and iPhone 6 plus at heavily discounted prices. On October 28, 2014, InvenSense announced disappointing financial results for the quarter ended September 28, 2014. It also disclosed a substantial decline in profit margins due 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 wish to join the litigation go to http://www.rosenlegal.com/cases-471.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at pkim@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.