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Bernstein Liebhard LLP Investigating Acxiom Corporation

^{Published on 2011-03-30 15:25:28 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Bernstein Liebhard LLP is investigating whether wrongdoing occurred at Acxiom Corporation (aAcxioma or the aCompanya) (NASDAQ: ACXM), including whether the Company made false statements to the investing public.

On Wednesday, March 30, 2011, Acxiom announced the resignation of its president and CEO John Meyer. Acxiom said in a statement that Meyera™s resignation was effective Monday March 28, 2011 and gave no reason for his departure. The Company also stated that its CFO plans to step down soon.

The Company also forecast a weak fiscal fourth quarter, stating that it expected to report adjusted earnings of 18 to 22 cents per share for the three months ended March 31, 2011.

In addition, Acxiom also stated it expects an impairment charge of $50 million to $90 million in the fiscal fourth quarter. The Company stated that it is writing down the goodwill and assets of its international operations because those businesses are not performing well.

After these adverse announcements, Acxiom stock fell $4.37, or 25 percent, to $13.09 in morning trading.

If you are interested in discussing your rights as an Acxiom shareholder and/or have information relating to the matter, please contact Joseph R. Seidman, Jr. at (877) 779-1414 or [ seidman@bernlieb.com ].

Bernstein Liebhard has pursued hundreds of securities, [ consumer ] cases and recovered almost $3 billion for its clients. It has been named to The National Law Journala™s aPlaintiffsa™ Hot Lista in each of the last eight years.

Bernstein Liebhard LLP
10 East 40th Street
New York, New York 10016
(877) 779-1414
[ www.bernlieb.com ]

ATTORNEY ADVERTISING. © 2011 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Prior results do not guarantee or predict a similar outcome with respect to any future matter.