This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The Shuman Law Firm Investigates Avid Technology, Inc.

The Shuman Law Firm announces that it is investigating potential claims against certain officers and directors of Avid Technology, Inc. (“Avid” or the “Company”) (Nasdaq: AVID). Avid is a Massachusetts-based provider of digital media content-creation products and solutions for audio, film, video, broadcast professionals, artists, and creative enthusiasts in the United States and internationally.

The Firm’s investigation concerns the Company’s February 25, 2013, announcement that it would be unable to timely report its fiscal 2012 results, and stated that it was reviewing its accounting for PCS sales revenues. Subsequently, the Company disclosed that its Chief Financial Officer had been terminated and that the U.S. Department of Justice and the Securities Exchange Commission had commenced investigations into the Company’s accounting practices and disclosures. On May 21, 2013, the Company announced that it would have to restate its fiscal 2009, 2010 and 2011 financial reports and those for the interim quarterly periods of 2011 and 2012. In addition, Avid disclosed that costs and expenses had been understated and the Company had identified internal control deficiencies.

If you currently own Avid common stock and are interested in discussing your rights as a shareholder, or have information relating to this investigation, please contact Kip B. Shuman or Rusty E. Glenn toll free at (866) 974-8626 or email Mr. Shuman at or email Mr. Glenn at

The Shuman Law Firm represents investors throughout the nation, concentrating its practice in stockholder litigation.

Copyright Business Wire 2010

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs