Lifshitz Law Firm Announces Investigation Of Avid Technology, Inc., Great Lakes Dredge & Dock Corporation, Harvest Natural Resources, Inc., And Obagi Medical Products, Inc.
NEW YORK, March 21, 2013 /PRNewswire/ --
Avid Technology, Inc.
Lifshitz Law Firm announces that it is investigating potential claims against the board of directors of Avid Technology, Inc. (the "Company") (AVID) concerning whether the board has breached its fiduciary duties to shareholders. On February 25, 2013, the Company announced that it is postponing its fourth quarter 2012 earnings release and investor conference call, previously scheduled for Tuesday, February 26, 2013 to provide additional time for the Company to evaluate its current and historical accounting treatment related to bug fixes, upgrades and enhancements to certain products which the Company has provided to certain customers.
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