Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Cree, Inc. (CREE)

NEW YORK, April 14, 2016 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Cree, Inc. ("Cree" or the "Company") (NASDAQ: CREE). Such investors are advised to contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz at [email protected] or 212-697-6484.

This investigation concerns whether Cree and certain of its officers and/or directors have violated the Federal Securities Laws under the Securities Exchange Act of 1934 (the "Exchange Act"). 

Cree informed investors that its fiscal third quarter revenue would likely not meet expectations, and then Cree announced that it is lowering its previously projected revenue of $400-$430 million to $367 million. Following this news, Cree stock dropped to just $24.18 per share during intra-day trading on April 12, 2016.

If you are aware of any facts relating to this investigation, or purchased shares of Cree, you can assist this investigation by visiting the firm's website: http://www.bgandg.com/#!cree/ojsz1. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected]. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]

SOURCE Bronstein, Gewirtz & Grossman, LLC

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