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Investigation announced for long term investors in shares of Avaya Holdings Corp. (NYSE: AVYA) Long over potential Wrongdoing

04-21-2023 03:24 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Avaya Holdings Corp. (NYSE: AVYA) shares.

An investigation on behalf of current long term investors in Avaya Holdings Corp. (NYSE: AVYA) shares.

An investigation was announced concerning potential breaches of fiduciary duties by certain directors of Avaya Holdings Corp.

Investors who are current long term investors in Avaya Holdings Corp. (NYSE: AVYA) 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: AVYA stocks follows a lawsuit filed against Avaya Holdings Corp. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: AVYA stocks, concerns whether certain Avaya Holdings Corp. 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 Middle District of North Carolina the plaintiff alleges thatthe defendants made false and/or misleading statements and/or failed to disclose that the Company's internal control over financial reporting ("ICFR") was deficient in several areas, that as a result of these deficiencies, the Company had failed to design and maintain effective controls over its whistleblower policies and its ethics and compliance program, that the Company's deteriorating financial condition was likely to raise substantial doubt as to its ability to continue as a going concern, and that as a result, the Company's public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

Those who purchased shares of Avaya Holdings Corp. (NYSE: AVYA) 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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