- Oops!Something went wrong.Please try again later.
Investors with losses are encouraged to contact the firm before June 8, 2021; click here to submit trade information
LOS ANGELES, May 13, 2021 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of Amdocs Limited (NASDAQ: DOX) investors that acquired shares between January 29, 2021 and March 30, 2021. Investors have until June 8, 2021 to seek an active role in this litigation.
It is alleged in this complaint that Amdocs issued misleading and/or false statements and/or failed to disclose information pertinent to investors. Amdocs is the subject of a report published on March 31, 2021 by Jehoshaphat Research. According to the report, Amdocs overstated its profitability. Jehoshaphat alleges that Amdoc replaced reputable auditors with “scandal-plagued or tiny shops.” It is alleged that Amdoc “window-dressed” its balance sheet in order to hide its borrowing. The report quotes a former Amdoc executive as saying, “The US business was declining at a rate of [around] 7% annually...but then we would see the company [publish results that] say North America is stable.”
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 8, 2021.
Please visit our website to review more information and submit your transaction information.
The Portnoy Law Firm represents investors in pursuing arising from corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar