MILWAUKEE, Aug. 13, 2013 (GLOBE NEWSWIRE) -- We are investigating possible securities fraud claims against Microsoft Corporation resulting from inaccurate statements Microsoft made regarding its financial statements and prospects.
Click here to learn more about the investigation: http://www.ademilaw.com/case/microsoft or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Our investigation focuses on the extent to which Microsoft issued false and misleading statements regarding its financial statement, past and future business performance and prospects. Specifically, Microsoft failed to disclose that: ((i) the Surface RT had poor customer demand; (ii) the value of inventory of Surface RT was in material decline; (iii) interim quarterly financial statements were materially false and misleading and violated GAAP and Microsoft's publicly disclosed policy of accounting for inventories; (iv) the Form 10-Q failed to disclose then presently known trends, events or uncertainties associated with the Surface RT product that were reasonably likely to have a material effect on Microsoft's future operating results; and (v) based on the foregoing, defendants lacked a reasonable basis for their positive statements about the Company's Surface RT product during the Class Period. On July 18, 2013, shares of Microsoft fell $4.04 or 11.4% to close at $31.40 per share after the company announced its financial results for the fiscal 2013 fourth quarter and year end, wiping out more than $35 billion in market value and doing irreparable harm.
If you wish to obtain additional information or have information about Microsoft, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, http://www.ademilaw.com/case/microsoft .
We specialize in securities fraud and shareholder litigation. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Ademi & O'Reilly, LLP Guri Ademi 3620 East Layton Ave. Cudahy, WI 53110 Toll Free: (866) 264-3995 Fax: (414) 482-8001 www.ademilaw.com
