NEW YORK, NY / ACCESSWIRE / August 11, 2022 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Avaya Holdings Corp. ("Avaya" or the "Company") (NYSE:AVYA). Investors who purchased Avaya securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/avya.
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The investigation concerns whether Avaya has violated federal securities laws.
Avaya is the subject of an article published in the Wall Street Journal on August 9, 2022. According to the Journal, the Company cut its earnings forecast by more than 60% just weeks after borrowing $600 million from institutional investors in deals arranged by Goldman Sachs and JP Morgan Chase. The Company provided no explanation for the major earnings miss, only adding that it would also miss its revenue forecast and would remove its CEO. The Company's audit committee is opening investigations both of a whistleblower letter and its latest quarterly earnings report. Based on this news, shares of Avaya cratered on the same day.
If you are aware of any facts relating to this investigation or purchased Avaya shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/avya. You can also contact Peretz Bronstein or his Law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | [email protected]
SOURCE: Bronstein, Gewirtz and Grossman, LLC