UPCOMING DEADLINE: Law Firm of Levi & Korsinsky Notifies Investors With Losses on Their Investment in THQ Inc. of Class Actio...
02 Agosto 2012 - 9:48PM
Marketwired
Levi & Korsinsky announces that a class action lawsuit has been
commenced in the United States District Court for the Central
District of California on behalf of shareholders who purchased THQ
Inc. (NASDAQ: THQI) stock between May 3, 2011 and February 3, 2012.
For more information click:
http://zlk.9nl.com/thq-thqi. There is no cost or obligation to
you.
The complaint alleges that THQ and certain of its executive
officers misrepresented or failed to disclose that: (a) the
Company's uDraw GameTablet for Microsoft Xbox 360 and Sony
PlayStation 3 was not being purchased by owners of those gaming
systems; (b) because demand for uDraw was below internal
expectations, the Company would have to take back, or provide price
protection, on hundreds of thousands of units that it had sold; and
(c) as a result of the foregoing, defendants lacked a reasonable
basis for their positive statements about the Company and its
prospects.
On December 7, 2011, THQ announced that it expected to report
net sales approximately 25% below its previously announced guidance
for the third quarter of 2012, due to "weaker-than-expected initial
sales" of uDraw. Then on February 2, 2012, THQ announced financial
results for the third quarter of 2012, reporting a net loss of
$55.9 million. On this news, THQ stock fell 30% to close at just
$0.53 per share.
If you suffered a loss in THQ you have until August 14, 2012 to request that the Court appoint you
as lead plaintiff. Your ability to share in any recovery doesn't
require that you serve as a lead plaintiff. To obtain additional
information, contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (877) 363-5972, or visit
http://zlk.9nl.com/thq-thqi.
Levi & Korsinsky is a national firm with offices in New York
and Washington D.C. The firm has extensive expertise in prosecuting
securities litigation involving financial fraud, representing
investors throughout the nation in securities and shareholder
lawsuits. Attorney advertising. Prior results do not guarantee
similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard
Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004
Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171
www.zlk.com
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