InvenSense, Inc. (Nasdaq: INVN)


A class action lawsuit has been has filed in U.S. District Court for the Northern District of California against InvenSense, Inc. (INVN) ("InvenSense" or "the Company") on behalf of investors who purchased InvenSense common stock between July 29, 2014 and October 28, 2014 (the "Class Period").

The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements related to the Company's financial performance and future outlook, specifically that management failed to disclose the extent to which the Company's performance and margins could be affected by discounts offered to its major customers, including Samsung and Apple, Inc. Instead, defendants issued strong guidance throughout the Class Period. As a result, InvenSense shares traded at inflated prices, rising as high as $25.85 per share, and allowing Company insiders to substantially profit through sales of their personally held stock.

On October 28, 2014, InvenSense announced financial results for the quarter ending September 28, 2014. It revealed a significant drop in margins due in large part to the discounts it offered to its customers as well as operational inefficiencies related to the iPhone 6 rollout, and a charge related to old inventory. The announcement caused a single-day drop in share price of roughly 25%, to close at $16.08 per share on October 29, 2014.

If you are a current shareholder and/or purchased stock between July 29, 2014 and October 28, 2014, and would like to discuss your options of exercising your rights as a shareholder, please contact us.

Please submit the following information so we can determine if you qualify for the suit. If you don't know all the specific details, partial information is also acceptable.

Personal Information
Name:
Phone #:
E-mail Address:
Stock Information
Do you currently own the stock? Yes   No
Purchase Date:
Quantity Purchased:
Purchase Price Per Share:

Please Note: Neither the submission to nor the receipt of information by The Law Offices of Marc S. Henzel or one of its attorneys through this website constitutes an agreement by the firm to represent the individual and does not create an attorney-client relationship.