SHAREHOLDER ALERT: The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by Avid Technology, Inc.

NEW YORK, Feb. 27, 2013 /PRNewswire/ -- Levi & Korsinsky is investigating potential claims on behalf of purchasers of Avid Technology, Inc. ("Avid" or the "Company") (NasdaqGS: AVID) securities concerning possible breaches of fiduciary duty.

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For more information, click here: http://zlk.9nl.com/avid-technology-avid/.  

On February 25, 2013, Avid announced it would postpone its fourth quarter 2012 earnings release and investor conference call in order to evaluate its current and historical accounting. Upon this news, Avid shares fell approximately 12% to close at $6.71 per share.

If you own Avid stock and wish to obtain additional information about the investigation and your legal rights, please contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/avid-technology-avid/.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, and Washington D.C.  The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits.  The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors.  For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:    
Levi & Korsinsky, LLP 
Joseph Levi, Esq. 
Eduard Korsinsky, Esq. 
30 Broad Street - 24th Floor  
New York, NY 10004  
Tel: (212) 363-7500 
Toll Free:  (877) 363-5972 
Fax: (866) 367-6510 
www.zlk.com 

SOURCE Levi & Korsinsky

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