LOS ANGELES, CA / ACCESSWIRE / February 3, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Mercury Systems, Inc. ("Mercury" or "the Company") (NASDAQ: MRCY) for violations of ยงยง10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between December 7, 2020 and June 23, 2023, inclusive (the "Class Period"), are encouraged to contact the firm before February 12, 2024.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Mercury's strategic plan of serial acquisitions was not working and it masked slowing organic growth with improper revenue recognition. The Company's acquisition of Physical Optics Corporation ("POC") caused it to lose its small business accreditation and damaged its ability to win contracts. The Company had at least 20 programs that were performing poorly. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Mercury, investors suffered damages.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
[email protected]
www.schallfirm.com
SOURCE: The Schall Law Firm