The Briscoe Law Firm Investigates Acxiom Corp. on Behalf of Shareholders for Possible Breaches of Fiduciary Duties by its Offic

Published in Science and Technology on Thursday, April 28th 2011 at 8:21 GMT by Market Wire
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DALLAS--([ BUSINESS WIRE ])--[ The Briscoe Law Firm, PLLC ], founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the securities litigation firm of [ Powers Taylor, LLP ] are investigating potential legal claims against the officers and Board of Directors of Acxiom Corp. (aAcxioma or aACXMa) (NASDAQ: ACXM) during the period of October 27, 2010 through March 30, 2011 (the aClass Perioda).

It has been alleged in a recently-filed complaint that during the Class Period, Acxiom and certain of its officers and directors made materially false and misleading statements or failed to disclose material information related to the company's business and operations in violation of the Securities Exchange Act of 1934. Specifically, the complaint alleges: (i) that Acxiom was experiencing a significant decline in its international operations and was not operating according to plan; (ii) that Acxiom failed to properly and timely account for impaired assets related to its international operations; and (iii) that, as a result of the foregoing, defendantsa� statements regarding the Acxioma�s financial performance and expected earnings were false and misleading and lacked a reasonable basis when made.

On March 30, 2011, ACXM abruptly announced that its Chief Executive Officer and President, John A. Meyer, had resigned effective March 28, 2011, and that its Chief Financial Officer, Christopher W. Wolf, would also step down in the second quarter of calendar 2011. Additionally, ACXM forecasted a weak fiscal fourth quarter, with adjusted earnings of $0.18 - $0.22 per share and revenue between $295 million and $299 million for the quarter ended March 31, 2011, compared to analyst forecasts of adjusted earnings of $0.24 per share and $303 million in revenue. On this news, Acxioma�s stock fell more than 22%.

If you currently own or purchased Acxiom/ACXM shares and would like additional information regarding this investigation or if you have information regarding the allegations against the company, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [ patrick@powerstaylor.com ], or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at [ WBriscoe@TheBriscoeLawFirm.com ]. There is no cost or fee to you.

The Briscoe Law Firm is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

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The Briscoe Law Firm Investigates Acxiom Corp. on Behalf of Shareholders for Possible Breaches of Fiduciary Duties by its Offic