Khang & Khang Investigating QLogic

For issuing misleading information to investors

This is a Press Release edited by StorageNewsletter.com on November 9, 2015 at 3:33 pm

Khang & Khang LLP is investigating claims of potential misrepresentations by QLogic Corporation.

The investigation focuses on whether the company and its officers violated securities laws by issuing misleading information to investors.

The investigation will focus on whether the company made misleading statements and/or failed to disclose that:

QLogic was being adversely impacted by lower than expected demand due to weakness in its enterprise server and storage markets; and
QLogic was being negatively impacted by operational issues, including an inventory build-up at a major OEM customer.