BOSTON, MA / ACCESSWIRE / April 12, 2021 / The Thornton Law Firm alerts investors that a class action lawsuit has been filed on behalf of investors of Amdocs Limited (NASDAQ: DOX). The case is currently in the lead plaintiff stage. Investors who purchased DOX stock or other securities between December 13, 2016 and March 30, 2021 may contact the Thornton Law Firm's investor protection team by visiting www.tenlaw.com/cases/Amdocs to submit their information. Investors may also email [email protected] or call 617-531-3917.
FOR MORE INFORMATION: www.tenlaw.com/cases/Amdocs
The complaint alleges that Amdocs and its senior executives made misleading statements to investors and failed to disclose that: (i) Amdocs overstated its profits, cash, and liquidity, while understating its debt; (ii) Amdocs concealed its large borrowing; and (iii) while Amdocs' reported results showed that its North American business was stable, that business was actually deteriorating annually, in part because Amdocs was losing AT&T as a customer.
Interested Amdocs investors have until June 8, 2021 to retain counsel and apply to be a lead plaintiff if they are interested to do so. Investors do not need to be a lead plaintiff in order to be a class member. A lead plaintiff acts on behalf of all other investor class members in managing the class action. If investors choose to take no action, they can remain an absent class member. The class has not yet been certified. Until certification occurs, investors are not represented by an attorney.
FOR MORE INFORMATION: www.tenlaw.com/cases/Amdocs
Thornton Law Firm's securities attorneys are highly experienced in representing investors in recovering damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of investors. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
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SOURCE: Thornton Law Firm LLP