Latest Magnachip Semiconductor Corp (MX) Headlines
Newman Ferrara LLP Announces Securities Class Action Against MagnaChip Semiconductor Corporation and Advises of Lead Plaintiff Deadline
Business Wire - Thu Mar 13, 12:42PM CDT
Newman Ferrara LLP announces that a class action lawsuit has been filed in the United States District Court for the Northern District of California against MagnaChip Semiconductor Corporation ("MagnaChip") (NYSE:MX) and certain of its officers alleging violations of federal securities laws.
MAGNACHIP SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against MagnaChip Semiconductor Corporation
Business Wire - Wed Mar 12, 9:00PM CDT
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until May 12, 2014 to file lead plaintiff applications in a securities class action lawsuit against MagnaChip Semiconductor Corporation (NYSE: MX), if they purchased the Company's securities during the period between January 30, 2013 and March 11, 2014, inclusive (the "Class Period"). This action is pending in the Northern District of California United States District Court.
Why Magnachip Semiconductor Corp. Shares Temporarily Plunged Today
Steve Symington, The Motley Fool - Motley Fool - Wed Mar 12, 7:31PM CDT
What: Shares of Magnachip Semiconductor Corp. fell more than 12% early Wednesday, then recovered to close down around 2.8% after the company announced "non-reliance on previously issued financial statements." So what: Specifically, MagnaChip...
Harwood Feffer LLP Announces Investigation of MagnaChip Semiconductor Corporation
PR Newswire - Wed Mar 12, 7:30PM CDT
Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against MagnaChip Semiconductor Corporation ("MagnaChip" or the "Company") (NYSE: MX) concerning whether it has violated the federal securities laws.
Pomerantz Law Firm Announces the Filing of a Class Action Against MagnaChip Semiconductor Corporation and Certain Officers -- MX
GlobeNewswire - Wed Mar 12, 5:42PM CDT
Pomerantz LLP has filed a class action lawsuit against MagnaChip Semiconductor Corporation ("MagnaChip" or the "Company") (NYSE:MX) and certain of its officers. The class action, filed in United States District Court, Northern District of California, and docketed under 3:14-cv-01160, is on behalf of a class consisting of all persons or entities who purchased or otherwise acquired Walter Investment securities between January 30, 2013 and March 11, 2014, both dates inclusive (the "Class Period"). This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws pursuant to Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.
MagnaChip to Restate 10Qs & 10Ks, Delays Q4 Results - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Mar 12, 5:20PM CDT
MagnaChip Semiconductor has announced a delay of it Q4 results and an amendment of its historical financial statements, following findings of incorrect recognition of revenues from certain transactions.
Why MagnaChip Semiconductor (MX) Hit a One-year Low Today
at The Street - Wed Mar 12, 1:43PM CDT
MagnaChip Semiconductor (MX) hit a one-year low on Wednesday as numerous law firms started investigations into the company for securities fraud claims. MagnaChip announced Tuesday that the Audit Committee of the company's Board of Directors...
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Launches Investigation of MagnaChip Semiconductor Corporation for Possible Violations of Federal Securities Laws
Business Wire - Wed Mar 12, 1:16PM CDT
Levi & Korsinsky is investigating MagnaChip Semiconductor Corporation ("MagnaChip" or the "Company") (NYSE:MX) for possible violations of federal securities laws. The investigation concerns allegations that the Company may have issued materially misleading information.
Shareholder Alert: Girard Gibbs Investigates Securities Fraud Claims on Behalf of Investors of MagnaChip Semiconductor Corporation
Business Wire - Wed Mar 12, 1:07PM CDT
Girard Gibbs LLP announces an investigation of potential securities fraud claims against MagnaChip Semiconductor Corp. (NYSE:MX). MagnaChip investors are encouraged to contact securities lawyer John Kehoe at (212) 798-0159 or by email at jak@girardgibbs.com.
NYSE stocks posting largest percentage decreases
AP - Wed Mar 12, 12:28PM CDT
NEW YORK (AP) — A look at the 10 biggest percentage decliners on New York Stock Exchange at 1 p.m.:
Investor Alert: Holzer & Holzer, LLC Announces Investigation into MagnaChip Semiconductor Corporation
Business Wire - Wed Mar 12, 10:47AM CDT
Holzer & Holzer, LLC is investigating whether MagnaChip Semiconductor Corporation ("MagnaChip" or the "Company") (NYSE: MX) and/or certain of its officers and directors complied with federal laws in making public statements regarding its financial results. On March 11, 2014, MagnaChip announced that an internal review by its Audit Committee determined that the Company had incorrectly recognized revenue for certain of its transactions. As a result, the Company plans to restate its financial results for the fiscal years ending December 31, 2011 and December 31, 2012, as well as the first three quarters of 2013. The price of MagnaChip stock fell dramatically following the announcement.
Block & Leviton LLP Investigates MagnaChip Semiconductor Corporation for Possible Violations of the Federal Securities Laws
PR Newswire - Wed Mar 12, 10:26AM CDT
On March 11, 2014, MagnaChip Semiconductor Corp. ("MagnaChip" or the "Company") (NYSE: MX) announced that the Company has uncovered accounting improprieties relating to the recognition of revenue on certain transactions and has discovered one or more material weakness in its internal controls. Specifically, the Company reports that revenue on certain transactions was inappropriately recognized when products were shipped to a distributor rather than when the distributor shipped the product to the customer. MagnaChip further announced that it anticipates the need to restate its financial statements for the first, second and third quarters of 2013 and 2012 and for the years ending 2012 and 2011 and that these financial statements should no longer be relied upon.
MAGNACHIP SEMICONDUCTOR SHAREHOLDERS: Johnson & Weaver, LLP Announces Investigation of MagnaChip Semiconductor Corporation
Business Wire - Wed Mar 12, 9:54AM CDT
Shareholder rights law firm Johnson & Weaver, LLP is investigating whether certain officers and directors of MagnaChip Semiconductor Corporation (NYSE: MX) violated state or federal laws in connection with statements issued regarding MagnaChip's business, operations and financial prospects.
The Rosen Law Firm Announces Investigation of Securities Fraud Claims Against MagnaChip Semiconductor Corporation - MX
Business Wire - Wed Mar 12, 1:56AM CDT
The Rosen Law Firm, P.A. announces that it is investigating potential securities fraud claims against MagnaChip Semiconductor Corporation (NYSE:MX) resulting from allegations that the Company may have issued materially misleading business information to the investing public.
Investor Alert: Wites & Kapetan Announces Investigation of MagnaChip Semiconductor Corporation
Business Wire - Tue Mar 11, 8:06PM CDT
Wites & Kapetan, P.A. On March 11, 2013 after the market closed, MagnaChip Semiconductor Corporation ("MagnaChip" or the "Company") (NYSE: MX) disclosed in a filing with the Securities and Exchange Commission (SEC) that as a result of incorrectly recognizing revenue, the Company will be restating its financial statements for each of the fiscal quarters and years in 2011 and 2012 and the first three quarters in 2013. The Company's SEC filing states, in pertinent part, as follows:
MX SHAREHOLDER ALERT: The Law Firm of Wohl & Fruchter LLP Announces Investigation of MagnaChip Semiconductor Corporation
Business Wire - Tue Mar 11, 6:48PM CDT
The law firm of Wohl & Fruchter LLP is investigating possible violations of federal securities laws by officers and directors of MagnaChip Semiconductor Corporation (Magna) (NYSE: MX).
INVESTOR ALERT: Investigation of MagnaChip Semiconductor Corporation Announced by Law Offices of Howard G. Smith
Business Wire - Tue Mar 11, 5:48PM CDT
Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of investors of MagnaChip Semiconductor Corporation ("MagnaChip" or the "Company") (NYSE:MX) concerning possible violations of federal securities laws. The investigation focuses on certain statements issued by MagnaChip between February 1, 2012 and March 11, 2014, concerning the Company's financial performance.
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of MagnaChip Semiconductor Corporation - MX
PR Newswire - Tue Mar 11, 5:39PM CDT
Pomerantz LLP is investigating claims on behalf of investors of MagnaChip Semiconductor Corporation ("MagnaChip" or the "Company") (NYSE: MX). Investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 237.
MagnaChip Provides Update on Financial Statement Review
PR Newswire - Tue Mar 11, 3:10PM CDT
MagnaChip Semiconductor Corporation ("MagnaChip" or the "Company") (NYSE: MX), a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products, today announced that the Audit Committee of the Company's Board of Directors has determined that the Company incorrectly recognized revenue on certain transactions and as a result will restate its financial statements. This conclusion is based upon preliminary findings of an ongoing internal review into practices and procedures by management, conducted at the Audit Committee's request by outside professional advisors and after consultation with management and the Company's independent auditors. Revenue on these transactions was recognized when products were shipped to a distributor but should have been recognized when the distributor shipped the product to the customer. As a result, revenue on these transactions will be reversed and recognized in the period when the products were shipped by the distributor.
Magnachip Semiconductor Drops: MX Falls 8% - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Wed Jan 29, 7:33AM CST
Magnachip continues downtrend; falls 8% in last trade on heavy volumes
Newman Ferrara LLP Announces Securities Class Action Against MagnaChip Semiconductor Corporation and Advises of Lead Plaintiff Deadline
Business Wire - Thu Mar 13, 12:42PM CDT
Newman Ferrara LLP announces that a class action lawsuit has been filed in the United States District Court for the Northern District of California against MagnaChip Semiconductor Corporation ("MagnaChip") (NYSE:MX) and certain of its officers alleging violations of federal securities laws.
MAGNACHIP SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against MagnaChip Semiconductor Corporation
Business Wire - Wed Mar 12, 9:00PM CDT
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until May 12, 2014 to file lead plaintiff applications in a securities class action lawsuit against MagnaChip Semiconductor Corporation (NYSE: MX), if they purchased the Company's securities during the period between January 30, 2013 and March 11, 2014, inclusive (the "Class Period"). This action is pending in the Northern District of California United States District Court.
Why Magnachip Semiconductor Corp. Shares Temporarily Plunged Today
Steve Symington, The Motley Fool - Motley Fool - Wed Mar 12, 7:31PM CDT
What: Shares of Magnachip Semiconductor Corp. fell more than 12% early Wednesday, then recovered to close down around 2.8% after the company announced "non-reliance on previously issued financial statements." So what: Specifically, MagnaChip...
Harwood Feffer LLP Announces Investigation of MagnaChip Semiconductor Corporation
PR Newswire - Wed Mar 12, 7:30PM CDT
Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against MagnaChip Semiconductor Corporation ("MagnaChip" or the "Company") (NYSE: MX) concerning whether it has violated the federal securities laws.
Pomerantz Law Firm Announces the Filing of a Class Action Against MagnaChip Semiconductor Corporation and Certain Officers -- MX
GlobeNewswire - Wed Mar 12, 5:42PM CDT
Pomerantz LLP has filed a class action lawsuit against MagnaChip Semiconductor Corporation ("MagnaChip" or the "Company") (NYSE:MX) and certain of its officers. The class action, filed in United States District Court, Northern District of California, and docketed under 3:14-cv-01160, is on behalf of a class consisting of all persons or entities who purchased or otherwise acquired Walter Investment securities between January 30, 2013 and March 11, 2014, both dates inclusive (the "Class Period"). This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws pursuant to Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.
MagnaChip to Restate 10Qs & 10Ks, Delays Q4 Results - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Mar 12, 5:20PM CDT
MagnaChip Semiconductor has announced a delay of it Q4 results and an amendment of its historical financial statements, following findings of incorrect recognition of revenues from certain transactions.
Why MagnaChip Semiconductor (MX) Hit a One-year Low Today
at The Street - Wed Mar 12, 1:43PM CDT
MagnaChip Semiconductor (MX) hit a one-year low on Wednesday as numerous law firms started investigations into the company for securities fraud claims. MagnaChip announced Tuesday that the Audit Committee of the company's Board of Directors...
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Launches Investigation of MagnaChip Semiconductor Corporation for Possible Violations of Federal Securities Laws
Business Wire - Wed Mar 12, 1:16PM CDT
Levi & Korsinsky is investigating MagnaChip Semiconductor Corporation ("MagnaChip" or the "Company") (NYSE:MX) for possible violations of federal securities laws. The investigation concerns allegations that the Company may have issued materially misleading information.
Shareholder Alert: Girard Gibbs Investigates Securities Fraud Claims on Behalf of Investors of MagnaChip Semiconductor Corporation
Business Wire - Wed Mar 12, 1:07PM CDT
Girard Gibbs LLP announces an investigation of potential securities fraud claims against MagnaChip Semiconductor Corp. (NYSE:MX). MagnaChip investors are encouraged to contact securities lawyer John Kehoe at (212) 798-0159 or by email at jak@girardgibbs.com.
NYSE stocks posting largest percentage decreases
AP - Wed Mar 12, 12:28PM CDT
NEW YORK (AP) — A look at the 10 biggest percentage decliners on New York Stock Exchange at 1 p.m.:
Investor Alert: Holzer & Holzer, LLC Announces Investigation into MagnaChip Semiconductor Corporation
Business Wire - Wed Mar 12, 10:47AM CDT
Holzer & Holzer, LLC is investigating whether MagnaChip Semiconductor Corporation ("MagnaChip" or the "Company") (NYSE: MX) and/or certain of its officers and directors complied with federal laws in making public statements regarding its financial results. On March 11, 2014, MagnaChip announced that an internal review by its Audit Committee determined that the Company had incorrectly recognized revenue for certain of its transactions. As a result, the Company plans to restate its financial results for the fiscal years ending December 31, 2011 and December 31, 2012, as well as the first three quarters of 2013. The price of MagnaChip stock fell dramatically following the announcement.
Block & Leviton LLP Investigates MagnaChip Semiconductor Corporation for Possible Violations of the Federal Securities Laws
PR Newswire - Wed Mar 12, 10:26AM CDT
On March 11, 2014, MagnaChip Semiconductor Corp. ("MagnaChip" or the "Company") (NYSE: MX) announced that the Company has uncovered accounting improprieties relating to the recognition of revenue on certain transactions and has discovered one or more material weakness in its internal controls. Specifically, the Company reports that revenue on certain transactions was inappropriately recognized when products were shipped to a distributor rather than when the distributor shipped the product to the customer. MagnaChip further announced that it anticipates the need to restate its financial statements for the first, second and third quarters of 2013 and 2012 and for the years ending 2012 and 2011 and that these financial statements should no longer be relied upon.
MAGNACHIP SEMICONDUCTOR SHAREHOLDERS: Johnson & Weaver, LLP Announces Investigation of MagnaChip Semiconductor Corporation
Business Wire - Wed Mar 12, 9:54AM CDT
Shareholder rights law firm Johnson & Weaver, LLP is investigating whether certain officers and directors of MagnaChip Semiconductor Corporation (NYSE: MX) violated state or federal laws in connection with statements issued regarding MagnaChip's business, operations and financial prospects.
The Rosen Law Firm Announces Investigation of Securities Fraud Claims Against MagnaChip Semiconductor Corporation - MX
Business Wire - Wed Mar 12, 1:56AM CDT
The Rosen Law Firm, P.A. announces that it is investigating potential securities fraud claims against MagnaChip Semiconductor Corporation (NYSE:MX) resulting from allegations that the Company may have issued materially misleading business information to the investing public.
Investor Alert: Wites & Kapetan Announces Investigation of MagnaChip Semiconductor Corporation
Business Wire - Tue Mar 11, 8:06PM CDT
Wites & Kapetan, P.A. On March 11, 2013 after the market closed, MagnaChip Semiconductor Corporation ("MagnaChip" or the "Company") (NYSE: MX) disclosed in a filing with the Securities and Exchange Commission (SEC) that as a result of incorrectly recognizing revenue, the Company will be restating its financial statements for each of the fiscal quarters and years in 2011 and 2012 and the first three quarters in 2013. The Company's SEC filing states, in pertinent part, as follows:
MX SHAREHOLDER ALERT: The Law Firm of Wohl & Fruchter LLP Announces Investigation of MagnaChip Semiconductor Corporation
Business Wire - Tue Mar 11, 6:48PM CDT
The law firm of Wohl & Fruchter LLP is investigating possible violations of federal securities laws by officers and directors of MagnaChip Semiconductor Corporation (Magna) (NYSE: MX).
INVESTOR ALERT: Investigation of MagnaChip Semiconductor Corporation Announced by Law Offices of Howard G. Smith
Business Wire - Tue Mar 11, 5:48PM CDT
Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of investors of MagnaChip Semiconductor Corporation ("MagnaChip" or the "Company") (NYSE:MX) concerning possible violations of federal securities laws. The investigation focuses on certain statements issued by MagnaChip between February 1, 2012 and March 11, 2014, concerning the Company's financial performance.
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of MagnaChip Semiconductor Corporation - MX
PR Newswire - Tue Mar 11, 5:39PM CDT
Pomerantz LLP is investigating claims on behalf of investors of MagnaChip Semiconductor Corporation ("MagnaChip" or the "Company") (NYSE: MX). Investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 237.
MagnaChip Provides Update on Financial Statement Review
PR Newswire - Tue Mar 11, 3:10PM CDT
MagnaChip Semiconductor Corporation ("MagnaChip" or the "Company") (NYSE: MX), a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products, today announced that the Audit Committee of the Company's Board of Directors has determined that the Company incorrectly recognized revenue on certain transactions and as a result will restate its financial statements. This conclusion is based upon preliminary findings of an ongoing internal review into practices and procedures by management, conducted at the Audit Committee's request by outside professional advisors and after consultation with management and the Company's independent auditors. Revenue on these transactions was recognized when products were shipped to a distributor but should have been recognized when the distributor shipped the product to the customer. As a result, revenue on these transactions will be reversed and recognized in the period when the products were shipped by the distributor.
Magnachip Semiconductor Drops: MX Falls 8% - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Wed Jan 29, 7:33AM CST
Magnachip continues downtrend; falls 8% in last trade on heavy volumes
