NEW YORK, April 11, 2016 /PRNewswire/ -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of Skullcandy, Inc. ("Skullcandy") (NASDAQ: SKUL) between May 5, 2015 and January 11, 2016.
You are hereby notified that a securities class action has been commenced in the USDC for the District of Utah, Central Division. If you purchased or otherwise acquired Skullcandy securities between May 5, 2015 and January 11, 2016, your rights may be affected by this action. To get more information go to: http://zlk.9nl.com/skullcandy.
The complaint alleges that during the Class Period defendants issued materially false and misleading statements to investors and/or failed to disclose material facts, including: (a) that the Company issued false and misleading earnings guidance and (b) that the Company was experiencing challenges with its largest Chinese distributor. The complaint further alleges that the aforementioned omissions and/or misleading statements led Skullcandy to trade at artificially inflated prices, permitting certain insiders to engage in unusual insider selling and the realization of proceeds in excess of $4 million.
If you suffered a loss in Skullcandy you have until April 12, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/skullcandy.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation involving financial fraud, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
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SOURCE Levi & Korsinsky, LLP