Kirby McInerney LLP Announces Class Action Lawsuit On Behalf of Immersion Corporation...

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Thu Oct 8, 2009 2:28pm EDT

Kirby McInerney LLP Announces Class Action Lawsuit On Behalf of Immersion
Corporation Investors -- IMMR

NEW YORK, Oct. 8, 2009 (GLOBE NEWSWIRE) -- A class action lawsuit has been filed
in the U.S. District Court for the Northern District of California on behalf of
all purchasers of Immersion Corporation ("Immersion") (Nasdaq:IMMR) publicly
traded securities during the period between May 3, 2007 and June 30, 2009 (the
"Class Period").

The lawsuit asserts violations of the federal securities laws against Immersion
and certain of its officers and directors. The lawsuit alleges that defendants
made misleading statements concerning the Company's transactions in its Medical
line of business. In particular, the lawsuit asserts that defendants failed to
disclose material adverse facts about the Company's business, operations, and
prospects. Specifically, Defendants made false and/or misleading statements
and/or failed to disclose: (1) that the Company overstated its income tax
expense; (2) that the Company improperly recognized revenue; (3) that, as a
result, the Company's revenue, accounts receivable, and financial results, were
overstated during the Class Period; (4) that the Company's financial results
were not prepared in accordance with Generally Accepted Accounting Principles
("GAAP"); (5) that the Company lacked adequate internal and financial controls;
and (6) as a result of the above, the Company's financial statements were
materially false and misleading at all relevant times.

When the truth about Immersion's alleged improper accounting practices began to
enter the market, the price of the Immersion's stock drastically fell. On July
1, 2009, Immersion announced it was conducting an internal investigation into
previous revenue transactions in its Medical line of business. This announcement
caused the Company's stock to fall over 23%.

If you acquired Immersion Corporation securities during the Class Period, you
may, no later than November 2, 2009, request that the court appoint you lead
plaintiff of the class. Although your ability to share in any recovery is not
affected by the decision whether or not to seek appointment as a lead plaintiff,
lead plaintiffs make important decisions that could affect the overall recovery
for class members, including decisions concerning settlement.

If you wish to discuss this action, or have any questions concerning this notice
or your rights, please contact us, toll free, at (888) 529-4787 or by email at
info.newcases@kmllp.com

Kirby McInerney LLP has specialized in complex litigation, including securities
class actions, for several decades. The firm has repeatedly demonstrated its
expertise in this field, and has been recognized by various courts that have
appointed the firm to major positions in consolidated and multi-district
litigation. The firm's efforts on behalf of shareholders in securities
litigation have resulted in recoveries totaling hundreds of millions of dollars,
and the firm's achievements and quality of service have been chronicled in
numerous published decisions. More information about the firm, class actions in
general, or about the role of the lead plaintiffs in a securities class action
can be obtained through Kirby McInerney LLP's website at http://www.kmllp.com

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CONTACT:  Kirby McInerney LLP
          Francisco Loya
            floya@kmllp.com
          Steven Cohn, Esq.
          888-529-4787
          825 Third Avenue, 16th Floor
          New York, NY 10022
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