MRCY - MRCY INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP Announces that Mercury Systems Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit | Benzinga
SAN DIEGO, Jan. 03, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Mercury Systems, Inc. (NASDAQ:MRCY) common stock between December 7, 2020 and June 23, 2023, both dates inclusive (the "Class Period"), have until February 12, 2024 to seek appointment as lead plaintiff of the Mercury Systems class action lawsuit. Captioned North Collier Fire Control and Rescue District Firefighters' Pension Plan v. Mercury Systems, Inc., No. 23-cv-13065 (D. Mass.), the Mercury Systems class action lawsuit charges Mercury Systems and certain of its top current and former executive officers with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the Mercury Systems class action lawsuit, please provide your information here:
https://www.rgrdlaw.com/cases-mercury-systems-inc-class-action-lawsuit-mrcy.html
You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at jsanchez@rgrdlaw.com.
CASE ALLEGATIONS: Mercury Systems is a technology company that produces component modules and subsystems for the aerospace and defense industries. In December 2020, Mercury Systems acquired Physical Optics Corporation ("POC").
The Mercury Systems class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statement and/or failed to disclose that: (i) Mercury Systems' serial acquirer strategy was not working and Mercury Systems was using improper revenue recognition practices such as changing to long-term contracts to mask deteriorating organic growth; (ii) Mercury Systems' acquisition of POC caused POC to lose its small business accreditation, which prevented POC from winning contracts ...