… And Bronstein, Gewirtz & Grossman …

Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of SanDisk Corp.

The investigation concerns whether SanDisk and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

On March 26, 2014, SanDisk announced that “it expects its revenue for the first fiscal quarter, which will end on March 29, 2015, to be approximately $1.3 billion, depending on final sell-through results, compared to the previously forecasted revenue range of $1.40 billion to $1. 45 billion. The change in first quarter revenue estimate is primarily due to certain product qualification delays, lower than expected sales of enterprise products and lower pricing in some areas of the business. The company expects continued impact to its 2015 financial results from these factors as well as the previously identified supply challenges, and now forecasts 2015 revenue to be lower than the previous guidance.”

Following this news, shares of SanDisk fell $14.98 or 18.45% during intraday trading to trade at $66.20 per share on March 26, 2015.