ATLANTA--(BUSINESS WIRE)--Holzer Holzer & Fistel, LLC is investigating potential violations of the federal securities laws by THQ, Inc. (“THQ” or the “Company”) (NASDAQ: THQI). The investigation focuses on whether a series of statements made between May 3, 2011 and February 3, 2012, inclusive, regarding the Company’s business, its prospects and its operations were materially false and misleading at the time they were made. Specifically, the investigation seeks to determine, among other things, whether the Company knew but failed to timely disclose that demand for its uDraw™ GameTablet™ was below internal expectations in part due to differences between gamers who play video games on the Nintendo Wii and those who play games on Xbox360® and PlayStation®. On February 3, 2012, THQ announced it would no longer manufacture or sell the uDraw™ GameTablet.™ The Company previously pointed to expansion of the uDraw GameTablet to the Xbox360® and PlayStation® platforms as a source of expected revenue growth.
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