U.S. law firm Robbins Geller Rudman & Dowd LLP (hereinafter referred to as "Robbins Geller) today announced that it has representatives in your room (the Class Period) April 18, 2013 to July 18 dates in the United States District Court of Massachusetts to Microsoft launched a class action. The class action is the subject of Microsoft to investors to conceal a lot of truth, such as poor performance, etc. Surface RT.
Robbins Geller cautioned investors, said: "If you wish to serve as lead plaintiff in the class action, then it must be in the range from after August 12, 2013 60 days notice to the court. If you wish to discuss this action or to participate in this notice and doubt your interests, then the plaintiff legal counsel - Robbins Geller Samuel H. Rudman or David Rosenfeld (David A. Rosenfeld) to contact, contact telephone number is 800/449-4900 or 619/231-1058, you can also contact, e-mail address is firstname.lastname@example.org via email. If you are a member of this class action, you can also view a copy of a statement submitted by the plaintiff, or to join the class action through the network, our web site is http://www.rgrdlaw.com/cases/microsoft/ . Members of the plaintiff class action can be selected by their legal counsel to apply to the court to serve as lead plaintiff, you can also choose to only serve as a member of the class action plaintiffs.
Robbins Geller initiated this class action, mainly against Microsoft and Microsoft some officials in violation of the United States' Securities Exchange Act of 1934. "Allegations that in the class action period, Microsoft released a statement seriously wrong information and misleading investors in the financial performance and its Surface RT tablet and so on. In particular, the following points on Microsoft's failure to release public information adverse facts: (1) Microsoft Surface RT poor market demand, but sales are not satisfactory; (2) As of the end of March 2013 for the period, the value of Microsoft's Surface RT stocks dropped significantly; (3) there is a serious error, Microsoft ended March 31, 2013 financial statements of the quarter, but also misled investors, but also a violation of U.S. GAAP as well as Microsoft's own public disclosure system; (4) Microsoft's 2013 third quarter Form 10-Q report failed to disclose the Surface RT tablet PC related business trends, events and uncertainties in the current list, which is also very there might be interested in Microsoft's future operating results materially affect; (5) Based on the foregoing overall, Microsoft Surface RT class action related businesses during the release failed to reasonably positive report.
In addition, the July 18, 2013, Microsoft released a statement announcing the fourth quarter of fiscal year 2013 ended June 30, 2013 and the full fiscal year financial reports. In the fourth quarter, Microsoft's revenue reached $ 19.9 billion, net income of $ 4.97 billion, diluted earnings per share of $ 0.59. In fact, Microsoft this quarter's results were a $ 900 million impact on Surface RT impairment. Affected by this news, Microsoft released fourth-quarter earnings next ordinary share price suffered the biggest decline in nearly four years time, the stock fell $ 4.04, to close at $ 31.40, a drop of up to 11.4%.
To this end, Robbins Geller intends to initiate a class action on behalf of the holders of all of Microsoft's ordinary shares during the class action to require Microsoft to pay damages. Robbins Geller has extensive experience in class actions, particularly in terms of financial fraud-related class action but also has extensive experience. Robbins Geller can represent domestic and international investors to initiate a class action. The firm has nine offices and more than 200 lawyers.
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