Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Plantronics Inc (NYSE: PLT) 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 Plantronics Inc (NYSE: PLT) concerning whether a series of statements by Plantronics Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On February 4, 2020, the Company revealed disappointing third quarter 2020 results, with sharp declines in revenue and earnings, and lowered guidance. The Company stated that it had begun to ship its next-generation architecture during the quarter, but demand for its Enterprise and Consumer headsets was lower than expected. The Company also agreed to divest its consumer gaming business to reduce leverage and pay down debt.
Following this news, NYSE: PLT fell $10.32, or over 38%, to close at $16.56 per share on February 5, 2020.
Based in Santa Cruz, California, and founded in 1961 Plantronics Inc designs, manufactures, and markets various integrated communications and collaborations solutions for corporate customers, small businesses, and individuals worldwide.
If you purchased shares of Plantronics Inc (NYSE: PLT) on or before February 4, 2020, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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