Investigation announced for Investors in shares of Clarivate Plc (NYSE: CLVT)

Clarivate Plc is under investigation over potential securities laws violations in connection with certain financial statements.

Investors who purchased shares of Clarivate Plc (NYSE: CLVT), 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 possible claims on behalf of purchasers of the securities of Clarivate Plc (NYSE: CLVT) concerning whether a series of statements by Clarivate Plc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

London based Clarivate Plc, an information services and analytics company, provides structured information and analytics for discovery, protection, and commercialization of scientific research, innovations, and brands. Clarivate Plc reported that its annual Total Revenue rose from $974.34 million in 2019 to over $1.25 billion in 2020, and that its Net Loss declined from $210.97 million in 2019 to $106.31 million in 2020.

On December 27, 2021, Clarivate Plc disclosed in a filing with the U.S. Securities and Exchange Commission that “[o]n December 22, 2021, Clarivate . . . concluded that the financial statements previously issued as of and for the year ended December 31, 2020, and the quarterly periods ended March 31, 2021, June 30, 2021, and September 30, 2021, should no longer be relied upon because of an error in such financial statements[.]” Specifically, Clarivate reported that “[t]he error relates to the treatment under U.S. generally accepted accounting principles (‘GAAP’) relating to an equity plan included in the CPA Global business combination which was consummated on October 1, 2020 (‘the CPA Global Transaction’). In the affected financial statements, certain awards made by CPA Global under its equity plan were incorrectly included as part of the acquisition accounting for the CPA Global Transaction.”

Shares of Clarivate Plc (NYSE: CLVT) declined from $25.42 per share in early December 2021, to $16.19 per share on January 19, 2022.

Those who purchased shares of Clarivate Plc (NYSE: CLVT) 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.

This release was published on openPR.