A class action lawsuit has been filed on behalf of all purchasers of Immersion stock during the period from May 3, 2007 through June 30, 2009 seeking to recover investors' losses.

The complaint asserts violations of the federal securities laws against Immersion and certain of its officers and directors.  The complaint alleges that defendants made misleading statements concerning the Company’s transactions in its Medical line of business.  In particular, the complaint asserts that defendants failed to disclose that Immersion’s revenue recognition policies in its Medical line of business were improper and violated GAAP and the Company’s own internal accounting policies.  

When the truth about Immersion’s alleged improper accounting practices began to enter the market, the price of the Immersion’s stock drastically fell.  On July 1, 2009, Immersion announced that it was conducting an internal investigation into previous revenue transactions in its Medical line of business.  This announcement caused the Company’s stock to fall over 23%.

If you incurred losses in Immersion stock and would like to serve as a lead plaintiff in the class action, please click on the link to the right of this page =>