To: All persons or entities who purchased or otherwise acquired securities of Skullcandy, Inc. (“Skullcandy”) (NASDAQ:SKUL) between May 5, 2015 and January 11, 2016.
You are hereby notified that a securities class action has been commenced in the USDC for the District of Utah, Central Division. If you purchased or otherwise acquired Skullcandy securities between May 5, 2015 and January 11, 2016, your rights may be affected by this action.
The complaint alleges that during the Class Period, defendants issued materially false and misleading statements to investors and/or failed to disclose material facts, including: (a) that the Company issued false, misleading, and unattainable earnings guidance and (b) that the Company was experiencing serious problems with its largest Chinese distributor. The complaint further alleges that the aforementioned omissions and/or misleading statements led Skullcandy securities to trade at artificially inflated prices, permitting certain insiders to engage in unusual insider selling, with realized proceeds in excess of $4 million.
If you suffered a loss in Skullcandy, you have until April 12, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Curtis V. Trinko, either via email at Ctrinko@trinko.com or by telephone at (212) 490-9550.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160412006224/en/
Contacts:
Curtis V. Trinko, Esq.,
212-490-9550
Fax: 212-986-0158
www.trinko.com
