Aeroflex Holding Corp. Under Investor Investigation Over Possible Securities Laws Violations

If you purchased shares of Aeroflex Holding Corporation (NYSE: ARX), and / or if you have any information relating the investigation including those who are former employees or/and whistleblowers, you may have certain options and you should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Aeroflex Holding
Affected Securities: 
NYSE: ARX

San Diego, Nov. 18, 2011 (Shareholders Foundation) -- An investigation on behalf of investors in shares of Aeroflex Holding Corp. (NYSE: ARX) over possible Violations of Federal Securities Laws was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Aeroflex Holding Corp. (NYSE:ARX) concerning whether the company, certain of its officers and directors, or others have possibly violated federal securities laws. Specifically, the investigation concerns whether certain statements regarding Aeroflex Holding’s business, its prospects and its operations were potentially materially false and misleading at the time they were made.

Despite that Aeroflex Holding Corp. reported an increase in its 12months Total Revenue from $655.05million for a period ending on June 30, 2010 to $729,41million for a 12months period ending on June 30, 2011, its Net Loss increased over the same time frame from $12.27million to $34.67million.
Specifically, the investigation also seeks to determine whether Aeroflex Holding’s Registration Statement, which was issued in connection with its IPO, failed to disclose problems Aeroflex Holding Corp was experiencing with its Ground Radio Maintenance Automatic Test System (“GRMATS”). Aeroflex Holding Corp recently announced that delays in submitting the product to the U.S. government for approval resulted in Aeroflex Holding Corporation not receiving anticipated payments for the GRMATS.

Shares of Aeroflex Holding Corp. (Public, NYSE:ARX) rose since its IPO to $20.10 on March 21, 2011, but fell from over $18 in early July to as low as $7.69 per share on August 18, 2011.

Recently NYSE: ARX stocks closed at $9.22 per share, less then 50% of its March value.