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Provider: Stock Traders Daily
Provider: Jefferson Research
Provider: S&P Capital IQ Quantitative Report
Provider: Stock Traders Daily

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Faruqi & Faruqi, LLP Announces Investigation Of Potential Securities Fraud At Avid Technology Inc

Monday, 29 Apr 2013 08:15pm EDT 

Faruqi & Faruqi, LLP announced that it is investigating potential securities fraud at Avid Technology Inc. The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that; Avid incorrectly accounted for its Software Updates by failing to properly treat them as post-contract customer support under the Generally Accepted Accounting Principles (GAAP); and Avid lacked adequate internal and financial controls. 

Company Quote

0.02 +0.14%
26 Dec 2014