The lawsuit represents those who purchased Cadence stock from April 23, 2008 until Oct. 22, 2008. If you invested in Cadence stock and would like more information, you may contact HBSS counsel at Email Contact or (510) 725-3000.
Trouble began for Cadence and stockholders in October 2008 as company shares significantly dropped after Cadence announced the resignation of key executive officers and a delay in third-quarter financial results. In a statement, Cadence acknowledged it improperly reported $24 million in revenue, an issue the company needed to revisit and reason for the delayed statements.
After these announcements, Cadence shares dropped by more than 25 percent to $1.10 per share.
If you invested in Cadence stock between April 23, 2008 and Oct. 22, 2008, you may contact plaintiff's counsel, Reed Kathrein of Hagens Berman at (510) 725-3000 or via e-mail Email Contact. You can view more information about Cadence and these allegations at http://www.hbsslawsecurities.com/cdns.
The Court will generally appoint the person or persons with the largest losses who files a motion to be a lead plaintiff. You do not need to file a motion if you do not want to be a lead plaintiff. The lead plaintiff is responsible for overseeing the litigation, counsel and the interests of the other investors who invested during the period of any misrepresentation or omission.
Hagens Berman Sobol Shapiro, a law firm with offices in Seattle, San Francisco, Los Angeles, Boston, Chicago, Phoenix and New York is active in major litigation pending in federal and state courts throughout the United States and has taken a leading role in many important actions on behalf of defrauded investors, consumers, and companies, as well as victims of human rights violations. The Hagens Berman Web site (http://www.hbsslawsecurities.com) and Blog (http://www.meaningfuldisclosure.com) have more information about the firm and the case. Contact: Hagens Berman Sobol Shapiro LLP Reed Kathrein (510) 725-3000 CDNS@hbsslaw.com http://www.hbsslawsecurities.com
Web site: http://www.hbsslawsecurities.com/