Harwood Feffer LLP Investigating Possible Securities Law Violations at Acxiom Corporation
April 05 2011 - 10:26AM
Business Wire
Harwood Feffer LLP is investigating potential claims on behalf
of purchasers of the securities of Acxiom Corporation (“Acxiom” or
the “Company”) (NASDAQ: ACXM), concerning whether the Company has
violated Federal securities laws.
On Wednesday, March 30, 2011, Acxiom announced the resignation
of its President and CEO, John Meyer, and also stated that its CFO
plans to step down soon. No reason was given for the President’s
resignation. In addition, Acxiom stated it expects an impairment
charge of $50 to $90 million in its fiscal fourth quarter. The
Company stated that it is writing down the goodwill and assets of
its international operations because those businesses are not
performing well. On this news, shares of Acxiom stock fell $4.37 to
$13.09 in morning trading.
Harwood Feffer has been representing individual and
institutional investors for many years, serving as lead counsel in
numerous cases in federal and state courts. Please visit the
Harwood Feffer LLP website (http://www.hfesq.com) for more information about
the firm. If you wish to discuss this matter with us, have any
facts relating to this investigation, purchased shares of Acxiom,
or have any questions concerning your rights and interests with
regard to this matter, please contact:
Robert I. Harwood, Esq. Samuel K. Rosen, Esq. Harwood Feffer LLP
488 Madison Avenue New York, New York 10022 Phone Numbers:
(877) 935-7400 (212) 935-7400 Email:
rharwood@hfesq.com
srosen@hfesq.com
Website:
http://www.hfesq.com
Attorney Advertising. © 2011 Harwood Feffer LLP. The law firm
responsible for this advertisement is Harwood Feffer LLP
(www.hfesq.com). Prior results do not
guarantee or predict a similar outcome with respect to any future
matter.
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