SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Avid Technology, Inc. (AVID)

NEW YORK, March 17, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the Avid Technology, Inc. ("Avid" or the "Company") (NASDAQ: AVID). Such investors are advised to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/avid.

The investigation concerns whether Avid and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

On March 15, 2017 Avid said it would postpone a conference call that was scheduled to review fourth quarter financial results. Avid said the delay will allow its independent auditor to conduct "routine procedures related to the 2016 financial audit." Following this news,  Avid stock dropped $0.91 per share to close at $4.44 on March 16, 2017.

If you are aware of any facts relating to this investigation, or purchased Avid shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/avid. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]

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SOURCE Bronstein, Gewirtz & Grossman, LLC