Press release
Investigation announced for Investors in shares of Amdocs Limited (NASDAQ: DOX)
An investigation for investors in Amdocs Limited (NASDAQ: DOX) shares over potential securities laws violations by Amdocs Limited
Investors who purchased shares of Amdocs Limited (NASDAQ: DOX), 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 focuses on whether a series of statements by Amdocs Limited regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Chesterfield, MO based Amdocs Limited, through its subsidiaries, provides software and services to the communications, pay TV, entertainment, and media industry service providers worldwide.
On January 23, 2019, Spruce Point Capital Management issued a report alleging how Amdocs has “engineered superficial top and bottom-line growth” through “opaque M&A, aggressive percentage-of-completion accounting, software cost capitalization, and repeated one-off net tax benefits.”
On March 31, 2021, Jehoshaphat Research published a short-seller report on Amdocs. In the report, Jehoshaphat alleged, among other things, that "extensive evidence from the national corporate registry filings of dozens of subsidiaries from around the globe" with Amdocs' public filings and found "widely overstated profit margins" and a "revolving door" of auditors.
Those who purchased shares of Amdocs Limited (NASDAQ: DOX) have certain options and should contact the Shareholders Foundation.
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 lawsuits, 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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