Ex-Apple supplier Audience under securities investigation
09/20, 5:59pm
Review questions late announcement of iPhone 5 tech omission
Noise reduction technology company Audience is being investigated by New York law firm Harwood Feffer LLP regarding whether the board of directors has breached its fiduciary duties to shareholders. Allegedly, Audience misrepresented or failed to adequately disclose the risk that its technology would not be selected for use in the iPhone 5, despite the 8K Securities and Exchange Commission filing on September 6.