|Company Name||Cree, Inc.|
The Firm announces an investigation on behalf of investors of Cree, Inc. (“Cree” or the “Company”) (NASDAQ: CREE) concerning the Company and its officers’ possible violations of federal securities laws in connection with allegedly misleading guidance figures. GPM is preparing a lawsuit on behalf of injured investors.
After informing investors that its fiscal third quarter revenue will not meet expectations, Cree disclosed that it is lowering its previously projected revenue of $400-$430 million to $367 million. On this news, Cree securities have fallen to just $24.18 per share during intra-day trading on April 12, 2016.
If you purchased Cree securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224 or by email to firstname.lastname@example.org.
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