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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Mercury Systems Inc (NASDAQ: MRCY) 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 Mercury Systems Inc (NASDAQ: MRCY) concerning whether a series of statements by Mercury Systems Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On October 4, 2018, an article published by Bloomberg reported that China had infiltrated 30 U.S. companies by inserting a chip into motherboards manufactured by Super Micro Computer Inc. ("Super Micro"). According to the article, "The chips had been inserted during the manufacturing process, [officials say], by operatives from a unit of the People's Liberation Army. In Super Micro, China's spies appear to have found a perfect conduit for what U.S. officials now describe as the most significant supply chain attack known to have been carried out against American companies."
On October 17, 2018, a report published by Spruce Point Management stated that "Spruce Point finds evidence to suggest that Mercury . . . could be one of the companies affected" by the infiltration described in the Bloomberg article, and asserted that Spruce Point "can demonstrate recent actions taken by management to obscure the relationship."
Following this news, Mercury's stock price fell sharply during intraday trading on October 17, 2018.
Based in Andover, Massachusetts, and founded in 1981 Mercury Systems Inc provides sensor and safety critical mission processing subsystems for various critical defense and intelligence programs in the United States.
If you purchased shares of Mercury Systems Inc (NASDAQ: MRCY) on or before October 4, 2018, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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