Lifshitz & Miller Law Firm Announces Investigation of Covisint Corporation, Fusion-io, Inc., Infoblox, Inc., Ocean Power Tech...

NEW YORK, June 18, 2014 /PRNewswire/ --

Covisint Corporation

Lifshitz & Miller announces that a class action was filed in the United States District Court for the Southern District of New York alleging that Covisint Corporation ("COVS") issued false and misleading statements.  Specifically, defendants made false and/or misleading statements and/or failed to disclose that (i) that Covisint was experiencing a greater than expected decline in its subscription revenue due to poor sales execution and late-stage pipeline conversion issues; and (ii) that Covisint was facing increased competition in its services segment as customers were not adding services at a rate consistent with expectations.

For more information about our investigation, please contact Joshua M. Lifshitz, Esq. by telephone at [phone] or by sending an e-mail including your contact information to: [e-mail].

Fusion-io, Inc.

Lifshitz & Miller announces an investigation into possible breaches of fiduciary duty in connection with the proposed sale of Fusion-io, Inc. (FIO) to SanDisk Corporation in a cash transaction valued at $11.25 per share or approximately $1.1 billion, net of cash assumed.

For more information about our investigation, please contact Joshua M. Lifshitz, Esq. by telephone at [phone] or by sending an e-mail including your contact information to: [e-mail].

Infoblox, Inc.

Lifshitz & Miller announces that a class action was filed in the United States District Court for the Northern District of California alleging Infoblox, Inc. (BLOX) and certain of its officers and directors issued false and misleading statements between September 5, 2013 and May 29, 2014.  Specifically, the complaint alleges that: (1) that the Company was discounting heavily to attract business; and (2) that, as a result, the Company's revenue projections were overstated.

For information about our investigation, please contact Joshua M. Lifshitz, Esq. by telephone at [phone] or by sending an e-mail including your contact information to: [e-mail].

Ocean Power Technologies, Inc.  

Lifshitz & Miller announces an investigation into possible claims against the board of directors of Ocean Power Technologies, Inc. (OPTT).  Specifically, on June 10, 2014, OPTT announced that it had fired Charles Dunleavy, its CEO, for cause. OPTT also announced that it would conduct an internal investigation "into the agreement between Victorian Wave Partners Pty Ltd, a project-specific operating entity wholly-owned by the Company's subsidiary Ocean Power Technologies (Australia) Pty Ltd, and the Australian Renewable Energy Agency, and related public statements concerning that project."

For information about our investigation, please contact Joshua M. Lifshitz, Esq. by telephone at [phone] or by sending an e-mail including your contact information to: [e-mail].

tw telecom inc.

Lifshitz & Miller announces an investigation into possible breaches of fiduciary duty in connection with the proposed sale of tw telecom inc. (TWTC) to Level 3 Communications, Inc. in a stock-and-cash transaction valued at $40.86 per share based on market close as of June 13, 2014 or approximately $7.3 billion, including the assumption of approximately $1.6 billion of net debt as of March 31, 2014.

For more information about our investigation, please contact Joshua M. Lifshitz, Esq. by telephone at [phone] or by sending an e-mail including your contact information to: [e-mail].

ATTORNEY ADVERTISING. © 2014 Lifshitz & Miller.  The law firm responsible for this advertisement is Lifshitz & Miller, 821 Franklin Avenue, Suite 209, Garden City, New York 11530, Tel: [phone].  Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact:

Joshua M. Lifshitz, Esq.
Lifshitz & Miller
Phone: [phone]
Facsimile: 516-280-7376
Email: [e-mail]

SOURCE Lifshitz & Miller Law Firm

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