NEW YORK, NY / ACCESSWIRE / April 15, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Dayforce Inc. ("Dayforce" or "the Company") (NYSE:DAY). Investors who purchased Dayforce securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/DAY.
Investigation Details:
On April 4, 2024, Blue Orca Capital released a report focusing on Dayforce, alleging the use of questionable methods to enhance revenues and profits through aggressive revenue recognition and accounting tactics. The report emphasizes that Dayforce exhibits notably lower GAAP gross margins compared to its counterparts in the human capital management sector. Despite this, the report alleges that Dayforce's stock is trading at a premium of over 25% compared to other firms in the industry, a discrepancy believed to be influenced by misconceptions regarding the company's operations and true profitability.
What's Next?
If you are aware of any facts relating to this investigation or purchased Dayforce securities, you can assist this investigation by visiting the firm's site: bgandg.com/DAY. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
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We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
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Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
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Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
332-239-2660 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC