Investigation Overview
According to a press release a law firm is currently investigating possible violations of the federal securities law by Anadigics, Inc. (NASDAQ: ANAD) on behalf of investors who purchased Anadigics common stock between July 25, 2007 and February 12, 2008 regarding manufacturing inefficiencies and productivity issues negatively impacting Anadigics, Inc.
According to the press release the investigation focuses on allegations that statements made by the Anadigics, Inc. (NASDAQ: ANAD) failed to disclose it was experiencing manufacturing inefficiencies associated with increased production levels such that it would not be able to meet its stated guidance. Specifically Anadigics, Inc. (NASDAQ: ANAD) failed to disclose or indicate the extent to which it was being negatively impacted by manufacturing inefficiencies and productivity issues, that steps taken by Anadigics to remedy the problems were actually counterproductive and further limiting its output, and that it was losing market share because customers were turning to other sources of supply due to the Anadigics, Inc. (NASDAQ: ANAD) inability to meet its customers demand, so the investigation.