Khang & Khang LLP (the “Firm”) announces that a class action lawsuit has been filed against QLogic Corporation (“QLogic” or the “Company”) (QLGC). Investors who purchased or otherwise acquired shares between April 30, 2015 and July 30, 2015, inclusive (the “Class Period”) are encouraged to contact the Firm prior to the November 27, 2015, lead plaintiff motion deadline.
If you purchased shares of QLogic during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by email at joon@khanglaw.com.
There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
According to the complaint, the Company made misleading statements and/or failed to disclose that: (1) QLogic was being adversely impacted by lower than expected demand due to weakness in its enterprise server and storage markets; and (2) QLogic was being negatively impacted by operational issues, including an inventory build-up at a major OEM customer.
If you purchased shares of QLogic during the Class Period you have until November 27, 2015 to ask the Court to appoint you as lead plaintiff. If you wish to learn more about this lawsuit, or if you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by email at joon@khanglaw.com.
This press release may constitute Attorney Advertising in some jurisdictions.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151113005893/en/
Contacts:
Joon M. Khang, Esq.
Telephone:
949-419-3834
Facsimile: 949-225-4474
joon@khanglaw.com
