SOURCE: Faruqi & Faruqi, LLP

Faruqi & Faruqi, LLP

January 09, 2015 20:00 ET

Investor Alert: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses in Excess of $100,000 Investing in InvenSense, Inc. (INVN) to Contact the Firm

NEW YORK, NY--(Marketwired - January 09, 2015) - 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.

Request more information now by clicking here: www.faruqilaw.com/INVN. There is no cost or obligation to you.

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, visit www.faruqilaw.com/INVN. You can also 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.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

Contact Information

  • FARUQI & FARUQI, LLP
    369 Lexington Avenue, 10th Floor
    New York, NY 10017
    Attn: Richard Gonnello, Esq.
    rgonnello@faruqilaw.com
    Telephone: (877) 247-4292 or (212) 983-9330