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Lawsuit filed for Investors in shares of Automatic Data Processing, Inc. (NASDAQ: ADP) over alleged Securities Laws Violations

02-29-2024 08:26 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A lawsuit was filed on behalf of investors in Automatic Data Processing, Inc. (NASDAQ: ADP) shares.

A lawsuit was filed on behalf of investors in Automatic Data Processing, Inc. (NASDAQ: ADP) shares.

An investor, who purchased shares of Automatic Data Processing, Inc. (NASDAQ: ADP), filed a lawsuit over alleged violations of Federal Securities Laws by Automatic Data Processing, Inc. (ADP), and American Century Investments Services, Inc.

Investors who purchased shares of Automatic Data Processing, Inc. (NASDAQ: ADP) have certain options and for certain investors are short and strict deadlines running. Deadline: April 29, 2024. NASDAQ: ADP investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Roseland, NJ based Automatic Data Processing, Inc. provides cloud-based human capital management solutions worldwide. Automatic Data Processing, Inc. reported that its Total Revenue rose from over $16.04 billion for the 12 months period that ended on June 30, 2022, to over $17.19 billion fort he 12 months period that ended on June 30, 2023, and that its Net Income over those respective time periods increased from over $2.94 billion to over $3.41 billion.

Shares of $256.76 per share on September 01, 2023 declined to $205.53 per share on November 01, 2023.

According to the complaint the plaintiff alleges on behalf of purchasers of Automatic Data Processing, Inc. (NASDAQ: ADP) common shares between January 16, 2021 through January 16, 2024, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims violations of federal securities laws, including Section 11, 12(a)(2), 15(a), 15(c), and 20(a) of the Securities Exchange Act of 1934, N.J.S.A. 49:3-52 and 49:3-56, Florida Deceptive and unfair Trade Practices Act (FDUTPA), Fla. Stat. 501.201, et seq., Fla. Stat. 517.311, and Fla. Stat. 517.12., including allegations that Defendants engaged in a course of business which operated as a fraud upon the purchasers of ADP's Simple IRAs, between January 16, 2021 through January 16, 2024.

Those who purchased shares of Automatic Data Processing, Inc. (NASDAQ: ADP) 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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