Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Cree Inc (NASDAQ: CREE) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Cree Inc (NASDAQ: CREE) concerning whether a series of statements by Cree Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On April 5, 2016, Cree Inc disclosed its fiscal third quarter revenue would be less than analyst expectations, reducing its previously projected revenue from $400-$430 million to $367 million.
Based in Durham, North Carolina, and founded in 1987 Cree Inc is engaged in providing lighting-class light emitting diode (LED), lighting, and semiconductor products for power and radio-frequency (RF) applications.
If you purchased shares of Cree Inc (NASDAQ: CREE) on or before April 5, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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