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SNDK Sandisk Corp.

76.18
0.00 (0.00%)
After Hours
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Sandisk Corp. NASDAQ:SNDK 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% 76.18 0 01:00:00

SanDisk Shareholders: The Law Offices of Howard G. Smith Reminds Investors Of The May 29, 2015 Lead Plaintiff Deadline

11/05/2015 3:30pm

Business Wire


Sandisk (NASDAQ:SNDK)
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Law Offices of Howard G. Smith reminds investors of the May 29, 2015 deadline by which to file a lead plaintiff motion in the class action pending in the United States District Court for the Northern District of California on behalf of a class (the “Class”) comprising purchasers of the securities of SanDisk Corporation (“SanDisk” or the “Company”) (NASDAQ:SNDK) between October 16, 2014 and March 25, 2015, inclusive (the “Class Period”). Investors with losses in excess of $100,000 in SanDisk securities are encouraged to 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 http://www.howardsmithlaw.com.

SanDisk designs, develops, manufactures, and markets data storage solutions in the United States and internationally. The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding quality control within the corporate organizational structure, and an overall decline in the Company’s sale of enterprise products and its competitive advantages.

On March 26, 2015, before the market opened, the Company issued a press release announcing a large reduction in its forecasted revenues. The Company disclosed, that this reduction in guidance was "primarily due to certain product qualification delays, lower than expected sales of enterprise products and lower pricing in some areas of the business." On this news, shares of SanDisk declined $14.98 per share, or 18.45%, to close on March 26, 2015, at $66.20 per share.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Law Offices of Howard G. SmithHoward G. Smith, Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com

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