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Investigation announced for Long-Term Investors in shares of Plantronics, Inc. (NYSE: PLT)

03-25-2020 06:50 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Plantronics, Inc. (NYSE: PLT) shares.

An investigation on behalf of current long term investors in Plantronics, Inc. (NYSE: PLT) shares.

An investigation was announced for current long-term investors in shares of Plantronics, Inc. (NYSE: PLT) concerning potential breaches of fiduciary duties by certain directors of Plantronics, Inc.

Investors who are current long term investors in Plantronics, Inc. (NYSE: PLT) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE: PLT stocks follows a lawsuit filed against Plantronics, Inc over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: PLT stocks, concerns whether certain Plantronics directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges that the defendants failed to disclose to investors that the Company had engaged in channel stuffing to artificially boost sales, that the Company's internal control over inventory levels was not effective, that the Company had not adequately monitored inventory levels ahead of multiple product launches, where the new models would displace demand for aging products; and (4) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Those who purchased shares of Plantronics, Inc. (NYSE: PLT) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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