Bronstein, Gewirtz & Grossman, LLC Investigating Possible Securities Law Violations at Acxiom Corporation
02 April 2011 - 9:07AM
Business Wire
Bronstein, Gewirtz & Grossman, LLC is investigating
potential claims on behalf of purchasers of the securities of
Acxiom Corporation (“Acxiom” or the “Company”) (NASDAQ: ACXM -
News), 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 million to $90 million in the 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.
If you are aware of any facts relating to this investigation, or
purchased shares of Acxiom, you can assist this investigation by
contacting either Peretz Bronstein or Eitan Kimelman of Bronstein,
Gewirtz & Grossman, LLC at 212-697-6484 or via email
eitan@bgandg.com. Those who inquire by e-mail are encouraged to
include their mailing address and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation
boutique. Our primary expertise is the aggressive pursuit of
litigation claims on behalf of our clients. In addition to
representing institutions and other investor plaintiffs in class
action security litigation, the firm’s expertise includes general
corporate work, private securities offerings, and securities
arbitration.
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