Press release from Business Wire
Law Offices of Todd M. Garber Announces Investigation of Audience, Inc.
Wednesday, September 12, 2012
Law Offices of Todd M. Garber Announces Investigation of Audience, Inc.01:00 EDT Wednesday, September 12, 2012 LOS ANGELES (Business Wire) -- The Law Offices of Todd M. Garber announces that it is investigating potential claims against Audience, Inc. (“Audience” or the “Company”) (NASDAQ:ADNC) concerning possible violations of federal securities laws. The investigation is related to certain statements issued by the Company between May 10, 2012 and September 6, 2012, regarding Audience's business, operations and financial condition. Audience provides intelligent voice and audio solutions for mobile devices worldwide. Specifically, the investigation relates to Audience's September 6, 2012 disclosure that it now believes that Apple Inc. (“Apple”) is unlikely to use its processor intellectual property in the iPhone 5, which is expected to be launched in the second week of September. Apple's licensing of the Company's processor intellectual property had accounted for 37% of Audience's total revenue for both the three and six months ended June 30, 2012. On this news, shares of Audience declined almost 60%. If you purchased Audience securities in the Company's May 10, 2012 Initial Public Offering and/or between May 10, 2012 and September 6, 2012, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Todd M. Garber, Esquire, of the Law Offices of Todd M. Garber, by telephone at 213-700-7262 or by email to email@example.com. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Law Offices of Todd M. GarberTodd M. Garber, Attorney at LawLos Angeles, California213firstname.lastname@example.org