Harwood Feffer LLP Announces Investigation of Acxiom Corporation
May 17 2011 - 5:57PM
Business Wire
Harwood Feffer LLP (www.hfesq.com)
is investigating potential claims against certain officers and
directors of Acxiom Corporation. (“Acxiom”) (NASDAQ: ACXM) for
breaches of fiduciary duties.
On Wednesday, March 30, 2011, Acxiom issued a press release
announcing the resignation of its President and Chief Executive
Officer, John A. Meyer, effective March 28, 2011 and the intention
of Acxiom’s Chief Financial Officer, Christopher W. Wolf, to resign
in the second calendar quarter of 2011. No reason was given for
John Meyer’s resignation. That same press release further announced
that as a result of poor performance of Acxiom’s international
operations, Acxiom expected to record a non-cash impairment charge
in the fourth quarter of fiscal 2011 in an amount between $50 and
$90 million. On this news, shares of Acxiom common stock dropped
approximately 22% from a March 29, 2011 closing price of $17.46 per
share to a closing price of $13.50 on March 30, 2011.
If you own shares of Acxiom common stock and would like to learn
more about these claims or if you wish to discuss this matter and
have any questions or information concerning this announcement,
please contact Robert I. Harwood, Esq. at rharwood@hfesq.com or
Samuel K. Rosen, Esq. at srosen@hfesq.com. You may also call them
at (212) 935-7400. For more information about class actions, or to
sign up online, please visit our website: www.hfesq.com.
Harwood Feffer LLP is a national shareholder litigation firm.
Harwood Feffer LLP is devoted to protecting the interests of
individual and institutional investors in shareholder actions in
state and federal courts nationwide.
Attorney Advertising. © 2011 Harwood Feffer LLP. The law firm
responsible for this advertisement is Harwood Feffer LLP
(www.hfesq.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter.
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