Law Office of Brodsky & Smith, LLC Announces Investigation of Acxiom Corporation by EON

VIEWS: 9 PAGES: 1

More Info
									Law Office of Brodsky & Smith, LLC Announces
Investigation of Acxiom Corporation
May 11, 2011 12:29 PM Eastern Daylight Time 

BALA CYNWYD, Pa.--(EON: Enhanced Online News)--Law office of Brodsky & Smith, LLC announces that it
is investigating Acxiom Corporation (“Acxiom” or the “Company”) (Nasdaq: ACXM) investment of Plan
participants and beneficiaries assets in company stock. The investigation concerns whether administrators breached
their fiduciary duties and violated the Employee Retirement Income Security Act of 1974 (“ERISA”) by investing
and/or continuing to invest assets in company stock when it was not a prudent investment for participants’ retirement
savings.

The investigation concerns improper behavior that harmed current and former employees that invested in the 401(k)
plan. Specifically, administrators failed to disclose the decline in its international operations; that the Company failed
to properly and timely account for impaired assets related to its international operations; and that, as a result,
defendants’ statements regarding Acxiom’s financial performance and expected earnings were misleading. The
company announced on March 30, 2011 that its CEO and President had resigned and shares of the Company fell
over 22% to approximately $13.50 a share.

If you held Acxiom stock in an individual account under any of the Company’s 401(k) plans and wish to discuss the
legal ramifications of the administrator’s investment in Company stock, you may e-mail or call the law office of
Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may
contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602,
Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com, visiting http://brodsky-
smith.com/288-acxm-acxiom-corporation.html, or by calling toll free 877-LEGAL-90.

Contacts
Brodsky & Smith, LLC
Jason L. Brodsky, Esquire
Evan J. Smith, Esquire
877-LEGAL-90
investorrelations@brodsky-smith.com
http://brodsky-smith.com/288-acxm-acxiom-corporation.html

								
To top