NEW YORK, June 18, 2014 /PRNewswire/ --
Covisint Corporation
Lifshitz & Miller announces that a class action was
filed in the United States District Court for the Southern District
of New York alleging that Covisint
Corporation ("COVS") issued false and misleading statements.
Specifically, defendants made false and/or misleading statements
and/or failed to disclose that (i) that Covisint was experiencing a
greater than expected decline in its subscription revenue due to
poor sales execution and late-stage pipeline conversion issues; and
(ii) that Covisint was facing increased competition in its services
segment as customers were not adding services at a rate consistent
with expectations.
For more information about our investigation, please contact
Joshua M. Lifshitz, Esq. by telephone at (516) 493-9780 or by
sending an e-mail including your contact information to:
info@jlclasslaw.com.
Fusion-io, Inc.
Lifshitz & Miller announces an investigation into
possible breaches of fiduciary duty in connection with the proposed
sale of Fusion-io, Inc. (FIO) to SanDisk Corporation in a cash
transaction valued at $11.25 per
share or approximately $1.1 billion,
net of cash assumed.
For more information about our investigation, please contact
Joshua M. Lifshitz, Esq. by telephone at (516) 493-9780 or by
sending an e-mail including your contact information to:
info@jlclasslaw.com.
Infoblox, Inc.
Lifshitz & Miller announces that a class action was
filed in the United States District Court for the Northern District
of California alleging Infoblox,
Inc. (BLOX) and certain of its officers and directors issued false
and misleading statements between September
5, 2013 and May 29,
2014. Specifically, the complaint alleges that: (1) that the
Company was discounting heavily to attract business; and (2) that,
as a result, the Company's revenue projections were overstated.
For information about our investigation, please contact Joshua
M. Lifshitz, Esq. by telephone at (516) 493-9780 or by sending an
e-mail including your contact information to:
info@jlclasslaw.com.
Ocean Power Technologies, Inc.
Lifshitz & Miller announces an investigation into
possible claims against the board of directors of Ocean Power
Technologies, Inc. (OPTT). Specifically, on June 10, 2014, OPTT announced that it had fired
Charles Dunleavy, its CEO, for
cause. OPTT also announced that it would conduct an internal
investigation "into the agreement between Victorian Wave Partners
Pty Ltd, a project-specific operating entity wholly-owned by the
Company's subsidiary Ocean Power Technologies (Australia) Pty Ltd, and the Australian
Renewable Energy Agency, and related public statements concerning
that project."
For information about our investigation, please contact Joshua
M. Lifshitz, Esq. by telephone at (516) 493-9780 or by sending an
e-mail including your contact information to:
info@jlclasslaw.com.
tw telecom inc.
Lifshitz & Miller announces an investigation into
possible breaches of fiduciary duty in connection with the proposed
sale of tw telecom inc. (TWTC) to Level 3 Communications, Inc. in a
stock-and-cash transaction valued at $40.86 per share based on market close as of
June 13, 2014 or approximately
$7.3 billion, including the
assumption of approximately $1.6
billion of net debt as of March 31,
2014.
For more information about our investigation, please contact
Joshua M. Lifshitz, Esq. by telephone at (516) 493-9780 or by
sending an e-mail including your contact information to:
info@jlclasslaw.com.
ATTORNEY ADVERTISING. © 2014 Lifshitz &
Miller. The law firm responsible for this advertisement is
Lifshitz & Miller, 821 Franklin Avenue, Suite 209, Garden City, New York 11530, Tel: (516)
493-9780. Prior results do not guarantee or predict a similar
outcome with respect to any future matter.
Contact:
Joshua M. Lifshitz, Esq.
Lifshitz & Miller
Phone: 516-493-9780
Facsimile: 516-280-7376
Email: info@jlclasslaw.com
SOURCE Lifshitz & Miller Law Firm
