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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Amdocs Limited (NASDAQ: DOX) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Amdocs Limited (NASDAQ: DOX) concerning whether a series of statements by Amdocs Limited regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On January 23, 2019, a report published by Spruce Point Capital Management claimed that Amdocs “engineered superficial top and bottom-line growth” through “opaque M&A, aggressive percentage-of-completion accounting, software cost capitalization, and repeated one-off net tax benefits.”
Following this news, NASDAQ: DOX fell 12% during intraday trading on January 23, 2019.
Based in Chesterfield, Missouri, and founded in 1988 Amdocs Limited provides software and services to the communications, pay TV, entertainment, and media industry service providers worldwide.
If you purchased shares of Amdocs Limited (NASDAQ: DOX) on or before January 23, 2019, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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