IP network specialist Ixia targeted for stockholder litigation
The Shuman Law Firm investigates Ixia.
The Shuman Law Firm (Boulder, CO) announced that it is investigating potential claims against certain officers and directors of Ixia (NASDAQ: XXIA). The company is a provider of converged Internet Protocol network validation and network visibility solutions that are used to design, verify, and monitor Ethernet, Wi-Fi, and 3G/LTE equipment and networks.
The firm’s investigation relates to Ixia's March 5, 2014 announcement that it had concluded its internal investigation into its accounting practices. The investigation concluded that the company’s top officers were not found to have engaged in widespread fraud.
Despite this conclusion, Ixia’s CFO, Tom Miller, resigned. This followed the company’s October 24, 2013, announcement that its president, CEO, and member of the board of directors, Victor Alston, resigned after it had been determined that he had misstated his academic credentials, age and early employment history.
Ixia’s common stock currently trades at approximately $12.00 per share, down from more than $22.00 per share as recently as March 2013.
The Shuman Law Firm represents investors throughout the nation, concentrating its practice in stockholder litigation. Current owners of Ixia common stock interested in discussing their rights, or who have information relating to this investigation, may contact Kip B. Shuman or Rusty E. Glenn toll free at (866) 974-8626 or by emailing email@example.com or firstname.lastname@example.org.