Levi & Korsinsky Announces Resideo Technologies Class Action Investigation; REZI Lawsuit

Class Action Reports

Levi & Korsinsky Announces Resideo Technologies Class Action Investigation; REZI Lawsuit

Levi & Korsinsky, LLP

December 2, 2019

Levi & Korsinsky, LLP announces that a REZI class action lawsuit has been commenced on behalf of investors who purchased Resideo Technologies, Inc. (REZI) securities between October 29, 2018 and October 22, 2019. For more on the Resideo Technologies Class Action please contact us today.

According to the Resideo Technologies lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) the negative operational effects of the Company’s spin-off from Honeywell International Inc. were more substantial and persistent than disclosed and had negatively affected Resideo’s product sales, supply chain, and gross margins, putting the Company’s FY19 financial forecasts at risk; and (2) as a result of the foregoing, the Company’s financial guidance lacked a reasonable basis and the Company was not on track to make its FY19 guidance as claimed.

TO LEARN MORE ABOUT THE REZI CLASS ACTION, VISIT: https://www.zlk.com/pslra-1/resideo-technologies-inc-loss-form?wire=9&prid=4609

If you suffered a loss in Resideo Technologies you have until January 7, 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.

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com