NEW YORK, March 7, 2013 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Avid Technology, Inc. ("Avid" or the "Company") (NasdaqGS: AVID -News). The investigation focuses on whether the Company and certain of its officers and directors have violated federal securities laws.
On February 25, 2013, Shares of Avid fell $0.68 or 8.88%, to close at $6.98 per share after the Company announced it will postpone the release of its fourth quarter 2012 earnings to provide additional time for the Company to evaluate its current and historical accounting treatment related to bug fixes, upgrades and enhancements to certain products which the Company had provided to certain customers. Avid further indicated that it currently could not estimate when it will complete its evaluation.
If you are aware of any facts relating to this investigation, or purchased shares Avid, you can assist this investigation by contacting either Peretz Bronstein or Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email eitan@bgandg.com. Those who inquire by e-mail are encouraged to include their mailing address and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman, 212-697-6484
eitan@bgandg.com
SOURCE Bronstein, Gewirtz & Grossman, LLC
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