EQUITY ALERT: ROSEN, A TOP RANKED LAW FIRM, Announces Investigation of Securities Claims Against Plantronics, Inc.– PLT
NEW YORK--(BUSINESS WIRE)--Feb 6, 2020--
Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders Plantronics, Inc. (NYSE: PLT) resulting from allegations that Plantronics may have issued materially misleading business information to the investing public.
On February 4, 2020, the Company announced disappointing third quarter 2020 results with sharp declines in revenue and earnings, and lowered guidance. The Company stated that it had begun to ship its next-generation architecture during the quarter, but demand for its Enterprise and Consumer headsets was lower than expected. The Company also agreed to divest its consumer gaming business to reduce leverage and pay down debt.
On this news, the Company’s stock price fell $10.32, or over 38%, to close at $16.56 per share on February 5, 2020, injuring investors.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Plantronics investors. If you purchased shares of Plantronics please visit the firm’s website at http://www.rosenlegal.com/cases-register-1771.html to join the class action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at email@example.com or firstname.lastname@example.org.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors.
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View source version on businesswire.com:https://www.businesswire.com/news/home/20200206005712/en/
CONTACT: Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40thFloor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES
SOURCE: The Rosen Law Firm, P.A.
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PUB: 02/06/2020 11:45 AM/DISC: 02/06/2020 11:45 AM