NEW YORK, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Mercury Systems, Inc. ("Mercury" or the "Company") (NASDAQ:MRCY). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether Mercury and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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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, its highly touted strategic growth initiative, was a failure; and (iv) Mercury's management prematurely recognized revenue ...