Levi & Korsinsky, LLP announces that a PLT class action lawsuit has been commenced on behalf of investors who purchased Plantronics, Inc. (PLT) securities between July 2, 2018 and November 5, 2019. For more on the Plantronics Class Action please contact us today.
According to the Plantronics lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company had engaged in channel stuffing to artificially boost sales; (2) the Company’s internal control over inventory levels was not effective; (3) the Company had not adequately monitored inventory levels ahead of multiple product launches, where the new models would displace demand for aging products; and (4) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
TO LEARN MORE ABOUT THE PLT CLASS ACTION, VISIT: https://www.zlk.com/pslra-1/plantronics-inc-loss-form?wire=9&prid=4578
If you suffered a loss in Plantronics you have until January 13, 2020 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
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New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171