BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of investors of Avid Technology, Inc. (“Avid” or the “Company”) (NASDAQ: AVID) investors concerning the Company and its officers’ possible violations of federal securities laws.
On March 15, 2017 Avid announced the postponement of a conference call that was scheduled to discuss fourth quarter financial results. According to the Company, the postponement is to allow Avid’s independent auditor to conduct “routine procedures related to the 2016 financial audit.”
On this news, shares of Avid fell over 17% on March 16, 2017 during intraday trading, thereby injuring investors.
If you purchased Avid securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
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