An investigation on behalf of current long term investors in Mercury Systems, Inc. (NASDAQ: MRCY) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 10/02/2018 -- An investigation was announced for investors in shares of Mercury Systems, Inc. (NASDAQ: MRCY) concerning potential breaches of fiduciary duties by certain directors.
Investors who are current long term investors in Mercury Systems, Inc. (NASDAQ: MRCY) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NASDAQ: MRCY stocks follows a lawsuit filed recently against Mercury Systems, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: MRCY stocks, concerns whether certain Mercury Systems, Inc. directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that Mercury's decision to in-source processing was adversely impacting Mercury's operating margins and free cash-flow generation and conversion, that Mercury's model was becoming structurally more working capital intensive, and that as a result of the foregoing, Mercury's public statements were materially false and misleading at all relevant times.
On April 18, 2018, Spruce Point Capital Management ("Spruce Point") published a report asserting that following a "forensic and fundamental analysis" of the Company, Mercury Systems, Inc "appears to be caught in the perfect storm of slowing growth, rising costs and debt." Specifically, the Spruce Point report sees "multiple material adverse changes currently facing Mercury which suggest 50% to 85% downside risk."
Those who purchased shares of Mercury Systems, Inc. (NASDAQ: MRCY) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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