ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

ACXM Acxiom Holdngs (delisted)

48.48
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Acxiom Holdngs (delisted) NASDAQ:ACXM NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 48.48 48.34 51.50 0 01:00:00

Ryan & Maniskas, LLP Announces Class Action Lawsuit Against Acxiom Corporation

21/05/2011 3:04am

Business Wire


Acxiom (NASDAQ:ACXM)
Historical Stock Chart


From Oct 2019 to Oct 2024

Click Here for more Acxiom Charts.

Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/acxm) announces that a class action lawsuit has been filed in the United States District Court for the Eastern District of Arkansas on behalf of purchasers of the common stock of Acxiom Corporation (“Acxiom” or the “Company”) (NASDAQ: ACXM) between October 27, 2010 and March 30, 2011, inclusive (the "Class Period").

For more information regarding this class action suit, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at rmaniskas@rmclasslaw.com or visit: www.rmclasslaw.com/cases/acxm.

The Complaint alleges that during the Class Period the Company violated federal securities laws by issuing materially false and misleading statements thereby artificially inflating the price of the Company’s securities. Specifically, the complaint alleges that the Company was experiencing a significant decline in its international operations and was not operating according to plan and failed to properly and timely account for impaired assets related to its international operations.

On March 30, 2011, Acxiom issued a press release announcing the resignation of its President and Chief Executive Officer, John A. Meyer, effective March 28, 2011 and the intention of Acxiom’s Chief Financial Officer, Christopher W. Wolf, to resign in the second calendar quarter of 2011. The Company further stated as a result of poor performance of Acxiom’s international operations, Acxiom expected to record a non-cash impairment charge in the fourth quarter of fiscal 2011 in an amount between $50 and $90 million. On this news, shares of Acxiom common stock dropped approximately 22% to close at $13.50 on March 30, 2011.

If you are a member of the class, you may, no later than June 27, 2011, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Ryan & Maniskas, LLP or other counsel of your choice, to serve as your counsel in this action.

For more information about the case or to participate online, please visit: www.rmclasslaw.com/cases/acxm or contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218, or by e-mail at rmaniskas@rmclasslaw.com. For more information about class action cases in general or to learn more about Ryan & Maniskas, LLP, please visit our website: www.rmclasslaw.com.

1 Year Acxiom Chart

1 Year Acxiom Chart

1 Month Acxiom Chart

1 Month Acxiom Chart

Your Recent History

Delayed Upgrade Clock