Flex Ltd
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | Flex Ltd |
Stock Symbol : | NASDAQ: FLEX |
Class Period Start: | 01/26/2017 |
Class Period End: | 04/26/2018 |
Lead Plaintiff motion: | 07/09/2018 |
Date Filed: | 05/08/2018 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the Northern District of California |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the July 9, 2018 lead plaintiff deadline in a class action lawsuit filed against Flex Ltd (NASDAQ: FLEX) (“Flex” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of California and investors, who purchased Flex Ltd securities between January 26, 2017 and April 26, 2018, have until July 9, 2018 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class. If you purchased Flex Ltd securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class. The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Flex's internal controls over financial reporting were materially weak and deficient; Flex had improperly accounted for obligations in a customer contract and certain related reserves; and as a result of the foregoing, Flex's financial statements and defendants' statements about Flex's business, operations, and prospects were materially false and misleading at all relevant times. On April 27, 2018, the Company issued a press release revealing allegations by a former employee that the Company improperly accounted for obligations in a customer contract and certain related reserves. In addition, the Company announced that its Audit Committee was undertaking an investigation of the matter with the assistance of independent outside counsel. Following this news, NASDAQ: FLEX fell $3.61, or 21.7%, to close at $13.03 per share on April 27, 2018, thereby injuring investors. If you were negatively impacted by your investment in Flex Ltd securities between January 26, 2017 and April 26, 2018 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185 |