Thieler Law Corp advises investors with losses exceeding $100,000 of the January 20, 2017 lead plaintiff deadline in a class action lawsuit filed against Avid Technology Inc (NASDAQ: AVID) (“Avid Technology” or “the Company”). The suit is pending in the U.S. District Court for the District of Massachusetts and investors, who purchased Avid Technology Inc securities between August 4, 2016 and November 9, 2016, have until January 20, 2017 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Avid Technology Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that because the Company did not launch all the enterprise level features for its new NEXIS solution product offerings, its enterprise clients were suspending renewals and purchases.

On November 9, 2016, Avid Technology revealed that both its third quarter 2016 bookings and revenues were much lower than it led investors to expect, citing "the transition of the storage product line" and disclosing that "some existing enterprise clients deferred normal upgrade and renewal decisions and new customers postponed investments until the release of functionality targeted to the enterprise market."

On this news, the Company's stock price plummeted 28% on November 10, 2016.

If you were negatively impacted by your investment in Avid Technology Inc securities between August 4, 2016 and November 9, 2016 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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