National securities litigation law firm Glancy
Prongay & Murray LLP (“GPM”) reminds investors of the July
9, 2018 deadline to file a lead plaintiff motion in the class action
filed on behalf of investors that purchased Flex Ltd. (“Flex” or the
“Company”) (NASDAQ: FLEX)
securities between January 26, 2017 and April 26, 2018, inclusive
(the “Class Period”).
If you are a shareholder who suffered a loss, click here
Investors suffering losses on their Flex investments are encouraged to
contact Lesley Portnoy of GPM to discuss their legal rights in this
class action at 310-201-9150 or by email to email@example.com.
On April 26, 2018, Flex issued a press release disclosing allegations by
a former employee that the Company improperly accounted for obligations
in a customer contract and certain related reserves. The Company further
announced that its Audit Committee was undertaking an investigation of
the matter with the assistance of independent outside counsel.
On this news, Flex’s share price fell $3.61, or 21.7%, to close at
$13.03 per share on April 27, 2018, thereby injuring investors.
The complaint filed in this class action alleges that, throughout the
Class Period, Defendants made materially false and/or misleading
statements, as well as failed to disclose material adverse facts about
the Company’s business, operations, and prospects. Specifically,
Defendants failed to disclose: (1) that the Company’s internal controls
over financial reporting were materially weak and deficient; (2) that
the Company had improperly accounted for obligations in a customer
contract and certain related reserves; and, (3) that, as a result of the
foregoing, the Company’s financial statements and Defendants’ statements
about Flex’s business, operations, and prospects, were materially false
and misleading at all relevant times.
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If you purchased shares Flex during the Class Period you may move the
Court no later than July 9, 2018 to ask the Court to appoint you
as lead. To be a member of the Class you need not take any action at
this time; you may retain counsel of your choice or take no action and
remain an absent member of the Class. If you wish to learn more about
this action, or if you have any questions concerning this announcement
or your rights or interests with respect to these matters, please
contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite
2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at
888-773-9224, by email to firstname.lastname@example.org,
or visit our website at www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180622005576/en/