LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC (www.Goldberglawpc.com) announces that a class action lawsuit has been filed against QLogic Corporation (“QLogic” or the “Company”) (QLGC), for alleged violations of the federal securities laws. Investors who purchased or otherwise acquired shares between April 30, 2015 and July 30, 2015, inclusive (the “Class Period”), have until November 27, 2015, to serve as lead plaintiff in the class action.
If you are a shareholder who suffered a loss during the Class Period, we advise you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 13650 Marina Pointe Dr. Suite 1404, Marina Del Rey, CA 90292, at 800-977-7401, to discuss your rights without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at firstname.lastname@example.org.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the complaint, the Company made misleading statements and/or failed to disclose that: (1) QLogic was being adversely impacted by lower than expected demand due to weakness in its enterprise server and storage markets; and (2) QLogic was being negatively impacted by operational issues, including an inventory build-up at a major OEM customer. When the truth was revealed to the public, shares dropped causing investors harm.
If you have any questions concerning your legal rights in this case, please immediately contact Goldberg Law PC at 800-977-7401, or visit our website at http://www.Goldberglawpc.com, or email us at email@example.com.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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