MRCY - MERCURY SYSTEMS INVESTOR ALERT: Kaplan Fox & Kilsheimer LLP Notifies Mercury Investors of a Class Action Lawsuit and Upcoming Deadline | Benzinga
NEW YORK, Dec. 19, 2023 (GLOBE NEWSWIRE) -- Kaplan Fox & Kilsheimer LLP reminds investors that a complaint has been filed on behalf of purchasers or acquirers of the common stock of Mercury Systems, Inc. ("Mercury" or the "Company") (NASDAQ:MRCY) between December 7, 2020 and June 23, 2023, inclusive (the "Class Period"). Click Here to Join the Action.
If you acquired Mercury common stock and would like to discuss this case, please click here. You may also contact us by emailing pmayer@kaplanfox.com or calling (646) 315-9003.
According to the complaint, on July 26, 2022, Glasshouse Research published a report alleging that: (i) Mercury overstated organic growth; (ii) the company's acquisition of Physical Optics Corporation had been a "disaster" which was used to obscure Mercury's financial results; (iii) IMPACT, Mercury's highly touted strategic growth initiative, was a failure; and (iv) Mercury's management prematurely recognized revenue on significant projects to artificially boost both revenue and earnings unsustainably, which also caused ...