Law office files class action lawsuit against Audience
TweetFollow Us on Twitter

Law office files class action lawsuit against Audience


Another day, another lawsuit. The Law Offices of Todd M. Garber says a class action lawsuit has been filed in the Superior Court of California, County of Santa Clara, on behalf of a class consisting of all purchasers of the common stock of Audience pursuant and/or traceable to the company’s prospectus issued in connection with its May 10, initial public offering.

Audience provides intelligent voice and audio solutions for mobile devices worldwide. The complaint alleges violations of the Securities Act of 1933 and further alleges that defendants’ public statements misrepresented and/or failed to disclose material adverse facts concerning the Company’s business, operations and prospects.

On Sept. 6, Audience disclosed that Apple was unlikely to use its processor intellectual property in the iPhone 5. Apple’s licensing of the Company’s processor intellectual property had accounted for 37% of Audience’s total revenue for both the three and six months ending June 30. Following this news, shares of Audience declined almost 60%.

 
AAPL
$126.46
Apple Inc.
+0.05
GOOG
$567.25
Google Inc.
-8.08
MSFT
$42.28
Microsoft Corpora
-0.83
MacNews Search:
Community Search:
view counter

view counter
view counter
view counter
view counter
view counter
view counter

Take a First Look at NaturalMotion’s Daw...
NaturalMotion has released a preview of their upcoming title, Dawn of Titans. Dawn of Titans immerses you in a world of fantasy as you build your kingdom, raise an army, and capture territories. The focus on this epic action strategy game was the graphics. The game uses proprietary engines called Echo and the Morpheme animation engine to render... | Read more »
GDC 2015 – Warfriends is Something Famil...
GDC 2015 – Warfriends is Something Familiar That’s Also a Little Different Posted by Rob Rich on March 6th, 2015 [ permalink ] About Fun‘s upcoming Warfriends is quite the interesting hybrid. | Read more »
Bored? MyLeisure FreeTime Maximizer Will...
Bored? MyLeisure FreeTime Maximizer Will Take Care of That! Posted by Jessica Fisher on March 5th, 2015 [ permalink ] iPhone App - Designed for the iPhone, compatible with the iPad | Read more »
New Publisher Allstar Games Heads West w...
Allstar Games has announced its first mobile title designed for western audiences, Allstar Heroes. The game will be a massive online battle arena (MOBA) that offers dozens of heroes for you to collect and pit against your opponents. As each hero has a different set of powers, you can create a complex strategy in choosing who goes on your team.... | Read more »
RAD Boarding Review
RAD Boarding Review By Jennifer Allen on March 5th, 2015 Our Rating: :: NEARLY RADUniversal App - Designed for iPhone and iPad RAD Boarding isn’t quite one of the greats, but it has potential.   | Read more »
Presenting the International Mobile Gami...
11th Annual International Mobile Gaming Awards ceremony, hosted by actress Allison Haislip, gathered mobile game developers and publishers from around the world. They chose 13 winners out of the 93 nominations. British studio USTWO won the the Grand Prix for their innovative puzzler, Monument Valley. The rest of the winners were: | Read more »
AG Drive Review
AG Drive Review By Tre Lawrence on March 5th, 2015 Our Rating: :: FUTURISTIC STREET RACING.Universal App - Designed for iPhone and iPad Futuristic racing… interstellar style.   | Read more »
GDC 2015 – Nightmare Guardians is an Int...
GDC 2015 – Nightmare Guardians is an Interesting Hybrid of MOBA and Lane Defense Posted by Rob Rich on March 5th, 2015 [ permalink ] I have to say that lane defense (i.e. | Read more »
Overkill 3 Review
Overkill 3 Review By Tre Lawrence on March 5th, 2015 Our Rating: :: WHO'S NEXT?Universal App - Designed for iPhone and iPad Cover system gameplay in the third-person.   Developer: Craneballs Price: Free Version Reviewed: 1.1.6 Device Reviewed On: iPad Mini 2 | Read more »
Warner Bros. Interactive Entertainment A...
Warner Bros. has some exciting games coming down the pipe! | Read more »
All contents are Copyright 1984-2010 by Xplain Corporation. All rights reserved. Theme designed by Icreon.