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 firstname.lastname@example.org.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.