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Glancy Prongay & Murray LLP Announces Investigation on Behalf of Verint Systems Inc. Investors (VRNT)

May 24, 2019

LOS ANGELES--(BUSINESS WIRE)--May 23, 2019--

Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Verint Systems Inc. (“Verint” or the “Company”) (NASDAQ: VRNT ) investors concerning the Company and its officers’ possible violations of federal securities laws.

If you are a shareholder who suffered a loss, click  here  to participate.

If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, at 310-201-9150, Toll-Free at 888-773-9224, or by email to  shareholders@glancylaw.com, or visit our website at  www.glancylaw.com.

On May 23, 2019, Spruce Point Capital Management released a report alleging that the Company compensated for slow growth with “aggressive M&A and dubious accounting” and that the Company’s proxy fight with Neuberger Berman raised “significant red flags” about its corporate governance.

On this news, the Company’s share price fell $5.68, nearly 10%, to close at $55.49 per share on May 23, 2019, thereby injuring investors.

If you purchased Verint securities, have information, or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067 at 310-201-9150, Toll-Free at 888-773-9224, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number, and the number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190523005863/en/

CONTACT: Glancy Prongay and Murray LLP, Los Angeles

Lesley Portnoy, 310-201-9150 or 888-773-9224

www.glancylaw.com

shareholders@glancylaw.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL

SOURCE: Glancy Prongay & Murray LLP

Copyright Business Wire 2019.

PUB: 05/23/2019 08:00 PM/DISC: 05/23/2019 08:00 PM

http://www.businesswire.com/news/home/20190523005863/en

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