Faruqi and Faruqui, LLP Logo
Share this page

InvenSense, Inc. (INVN)

(NYSE: INVN)

Summary

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In InvenSense, Inc. (INVN) To Contact The Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, notifies investors in InvenSense, Inc. (“InvenSense” or the “Company”) (NYSE: INVN) of the March 9, 2015 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against InvenSense and certain executives. 

A complaint has been filed in the Northern District of California on behalf of all persons who purchased InvenSense common stock from July 29, 2014 through October 28, 2014, inclusive (the “Class Period”).

The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and prospects.

Specifically, the action alleges that during the Class Period, InvenSense made false and/or misleading statements regarding the negative impact to the Company’s margins from the heavily discounted prices it was charging its customers for its supply sensors.

On October 28, 2014, InvenSense announced there was a substantial decline in its margins due largely to low prices it had charged its customers.

Following this news, the price of the Company’s stock declined by $5.40, or over 25%, to close at $16.08 on October 29, 2014.

Take Action

If you invested in InvenSense stock, bonds or options from July 29, 2014 through October 28, 2014, and would like to discuss your legal rights, you can contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.  Faruqi & Faruqi, LLP also encourages anyone with information regarding InvenSense’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Contact Counsel

Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 01/09/2015

Class Period:

  • 07/29/2014 - 10/28/2014

Send Information

If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.