“On September 6, 2012, the company disclosed that Apple, Inc. is unlikely to use ADNC’s processor intellectual property in the iPhone 5, an account that constituted 37% of ADNC’s total revenue for the six months ended on July 30, 2012”

“On September 6, 2012, the company disclosed that Apple, Inc. is unlikely to use ADNC’s processor intellectual property in the iPhone 5, an account that constituted 37% of ADNC’s total revenue for the six months ended on July 30, 2012,” securities lawyer Hamilton Lindley said. “As a result, ADNC shares fell almost 60%. Our proposed shareholder lawsuit will seek to ensure that proper controls are placed to correct any improper behavior, and to improve the company’s value for investors.”

Goldfarb LLP lawyers have significant experience representing shareholders and whistleblowers in securities lawsuits nationwide. Audience, Inc. shareholders – or anyone with knowledge about this situation – should contact lawyer Hamilton Lindley at hlindley@goldfarbllp.com or 877-583-2855.