BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of investors of Cree, Inc. (“Cree” or the “Company”) (NASDAQ: CREE) concerning the Company and its officers’ possible violations of federal securities laws. Law Offices of Howard G. Smith is preparing a lawsuit on behalf of injured investors.
On April 5, 2015, Cree announced that its fiscal third quarter revenue would not meet expectations, and that it was lowering its previously projected revenue of $400 – $430 million to just $367 million. On this news, Cree securities fell $4.24 per share, or 14.5%, to close at $24.81 per share on April 6, 2016.
If you purchased Cree 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 email@example.com, or visit our website at http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.