DALLAS, Aug. 19, 2009 (GLOBE NEWSWIRE) -- A former federal judge and former U.S. Attorney at Kendall Law Group are investigating potential claims for possible securities violations on behalf of the shareholders of Immersion Corporation (Nasdaq:IMMR) concerning public statements made between May 1, 2008 and July 1, 2009.
Kendall Law Group's investigation focuses on allegations that Immersion released false and misleading statements as to their business, operations and prospects. On July 1, 2009, the Company disclosed that the Audit Committee of the Board of Directors was conducting an internal investigation into certain previous revenue transactions in their medical line of business, with the assistance of outside counsel. On this news, shares of Immersion declined more than 23% or $1.14 per share, closing with an unusually heavy volume at $3.80.
If you are a shareholder of Immersion Corporation, you may be able to recover for your stock loss. Contact attorney Hamilton Lindley at 877-744-3728 or hlindley@kendalllawgroup.com to discuss this matter. Although every case is different, Kendall Law Group has participated in the recovery of over $800 million for defrauded shareholders. For more information about the firm, visit www.kendalllawgroup.com.
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