MagnaChip Semiconductor Corporation (NYSE: MX)

A class action has been filed in the United States District Court for the Northern District of California on behalf of purchasers of common stock of MagnaChip Semiconductor Corporation ("MagnaChip" or the "Company") (MX) between January 30, 2013 and March 11, 2014, inclusive (the "Class Period").

On January 27, 2014, MagnaChip announced that it would postpone its fourth quarter 2013 earnings release to provide additional time for MagnaChip to complete a review of its financial results. As a result of this news, MagnaChip stock dropped 13% down to $15.27 per share on January 28, 2014. Then, on March 11, 2014, MagnaChip disclosed that its Audit Committee had found material weaknesses in internal controls over financial reporting and other accounting improprieties relating to MagnaChip's recognition of revenue on sales to distributors. As a result, the Company stated that it would be required to restate its financial results for 2011, 2012 and 2013. As a result of this news, MagnaChip's stock dropped another 13% down to $12.50 per share.

If you are a current shareholder and/or purchased stock between January 30, 2013 and March 11, 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.