Microsoft Surface RT hide poor performance was a class action
Robbins Geller cautioned investors, said: "If you want to serve as the collective action lead plaintiff, then it must be from August 12, 2013 after a 60-day period to inform the court if you wish to participate in the discussion of this litigation or this notification as well as your interest in doubt, contact your legal advisor plaintiffs - Robbins Geller Rudman's Sammer (Samuel H chinese tablets manufacturers. Rudman) or David Rosenfeld (David A. Rosenfeld) to contact, contact phone 800/449-4900 or 619/231-1058, or by e-mail to contact, e-mail address is djr@rgrdlaw.com. If you are the class action one, then you can also view the plaintiffs submitted copy of the statement, or through the network to join the class action, our website is https://www.rgrdlaw.com/cases/microsoft/. plaintiffs in the class action members are available through legal counsel of their choice to the court apply as lead plaintiff, you can also choose to ! only serve as class action plaintiffs member. "
Robbins Geller this since initiated a class action, mainly against Microsoft and Microsoft some officials violated the U.S. "1934 Securities Exchange Act." Allegations that in the class action period, Microsoft's financial performance and its Surface RT tablet PCs, etc. released seriously wrong and misleading investors declaration. In particular, the following points Microsoft failed to release public information adverse facts:
(1) Microsoft Surface RT product market demand is poor, but sales are not satisfactory;
(2) As of the end of March 2013 of this period, the Microsoft Surface RT stock value dropped significantly;
(3) Microsoft Corporation as of March 31, 2013 in this quarter's financial reporting of serious errors, but also misled investors, but also a violation of U.S. GAAP as well as Microsoft's own public disclosure regime;
(4) Microsoft's 2013 third quarter Form 10-Q report failed to disclo! se the current list with Surface RT tablet computer related business trends, events and uncertainties, which are also likely to be Microsoft's future operating Results real impact;
(5) Based on the foregoing Overall, Microsoft is in a class action for the period failed to Surface RT-related businesses report released positive and reasonable.
In addition, the July 18, 2013, Microsoft released a draft statement, announced that as of June 30, 2013 of the 2013 fiscal fourth quarter and full fiscal year financial reports. In the fourth quarter, Microsoft's revenue reached $ 19.9 billion, net profit of 49.7 billion U.S. dollars, diluted earnings per share $ 0.59. In fact, Microsoft's results this quarter by $ 900 million impairment Surface RT effects. Affected by this news impact, Microsoft released fourth-quarter earnings report the next day's common stock price suffered nearly four years time the largest decline since the stock fell $ 4.04, to close at $ 31.40, down! 11.4%.
To this end, Robbins Geller intended to represent the class action period, all of Microsoft common stock holders initiate collective action to require Microsoft to pay damages. Robbins Geller in a class action has a wealth of experience, especially in financial fraud-related class actions but also has extensive experience. Robbins Geller can represent the U.S. domestic and international investors to initiate collective action. The law firm has nine offices and more than 200 lawyers.