MRCY - Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Mercury Systems Inc. (MRCY) | Benzinga

LOS ANGELES, Dec. 28, 2023 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP ("GPM") reminds investors of the upcoming February 12, 2024 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Mercury Systems, Inc. ("Mercury" or the "Company") (NASDAQ:MRCY) common stock between December 7, 2020 and June 23, 2023, inclusive (the "Class Period").

If you suffered a loss on your Mercury investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/mercury-systems-inc-1/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights.

On July 26, 2022, Glasshouse Research published a report detailing how its "analysis on [Mercury Systems] will reveal how management has used accounting gimmicks to obfuscate true economic earnings while concealing the decay of its core company." Specifically, the report stated that the Company's management has "prematurely recognized revenue on significant projects boosting both revenue and earnings unsustainably" while also using recent acquisitions to conceal true earnings "with material non-GAAP exclusions," and that the Company's ...

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