INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Plantronics, Inc.
NEW YORK--(BUSINESS WIRE)--Nov 12, 2019--
The law firm of Kirby McInerney LLP is investigating potential claims against Plantronics, Inc. (“Plantronics” or the “Company”) (NYSE: PLT ). This investigation concerns whether Plantronics has violated federal securities laws and/or engaged in other unlawful business practices.
On November 5, 2019, the Company announced disappointing second quarter 2020 results, decreased earnings guidance, and disclosed that it would reduce channel inventory by $65 million.
On this news, the Company’s stock price fell $14.44 per share, or 36.6%, to close at $25.00 per share on November 6, 2019.
If you acquired Plantronics securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at firstname.lastname@example.org, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, and whistleblower litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website: www.kmllp.com.
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/20191112006172/en/
CONTACT: Kirby McInerney LLP
Thomas W. Elrod, Esq.
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES
SOURCE: Kirby McInerney LLP
Copyright Business Wire 2019.
PUB: 11/12/2019 08:30 PM/DISC: 11/12/2019 08:30 PM