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

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Violin Memory, Inc. To Contact The Firm

NEW YORK, Dec. 14, 2013 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Violin Memory, Inc. ("Violin Memory" or the "Company") (NYSE: VMEM) of the January 27, 2014 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against Violin Memory, certain executives and the underwriters of the Company's Initial Public Offering ("IPO").

(Logo: )

A complaint has been filed on behalf of all persons who purchased or otherwise acquired Violin Memory common stock pursuant and/or traceable to the Company's September 26, 2013 IPO in the Northern District of California.

The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and prospects.

Specifically, the action alleges that Violin Memory failed to disclose in the prospectus and registration statement issued in connection with its IPO that reprioritization of certain federal agencies' budgets affected by the federal budget negotiations and the possibility of a federal government shutdown would negatively impact the Company's sales and revenues. 

On November 21, 2013, in an investor conference call, Defendant Donald G. Basile, President and Chief Executive Officer of Violin Memory, reported that the Company was negatively impacted by the slowdown in spending by the federal government. 

On this news, the Violin Memory's common stock price dropped $2.89 per share, or over 48%, to close at $3.11 per share on November 22, 2013, on unusually high volume.

Request more information now by clicking here:  There is no cost or obligation to you.

Take Action

If you invested in Violin Memory stock or options pursuant and/or traceable to the Company's September 26, 2013 IPO and would like to discuss your legal rights, visit  You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to or Faruqi & Faruqi, LLP also encourages anyone with information regarding Violin Memory's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation.  The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation.  The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at or on Facebook at

Attorney Advertising.  The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (  Prior results do not guarantee or predict a similar outcome with respect to any future matter.  We welcome the opportunity to discuss your particular case.  All communications will be treated in a confidential manner.

FARUQI & FARUQI, LLP369 Lexington Avenue, 10th Floor New York, NY 10017Attn:  Richard Gonnello, Esq. Francis McConville, Esq. fmcconville@faruqilaw.comTelephone: (877) 247-4292 or (212) 983-9330

SOURCE Faruqi & Faruqi, LLP

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,785.47 -13.02 -0.07%
S&P 500 2,089.12 -0.99 -0.05%
NASDAQ 5,119.1310 -8.3940 -0.16%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs