WASHINGTON--(BUSINESS WIRE)--The law firm Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Avid Technology, Inc. (“Avid”) (Nasdaq: AVID). Finkelstein Thompson’s investigation relates to Avid’s recent announcement that it was postponing its fourth quarter 2012 earnings release and investor conference call to provide additional time for the Company to evaluate its current and historical accounting. Avid further indicated it cannot currently estimate when it will complete its evaluation.
Avid disclosed this information on February 25, 2013. On the news, Avid’s share price traded down as much as 12% from the previous day’s close, and closed at an overall loss for the day.
If you are interested in discussing your rights as an Avid shareholder, or have information relating to this investigation, please contact Finkelstein Thompson’s Washington, DC offices at (202)-337-8000 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our website at www.finkelsteinthompson.com. Attorney advising. Prior results do not guarantee similar outcomes.