San Diego, CA -- (SBWire) -- 07/24/2018 --An investor, who purchased shares of Mercury Systems, Inc. (NASDAQ: MRCY), filed a lawsuit over alleged Securities Laws violations by Mercury Systems, Inc. in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Mercury Systems, Inc. (NASDAQ: MRCY) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
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."
Shares of Mercury Systems, Inc. (NASDAQ: MRCY) declined to as low as $30.11 per share in early May 2018.
According to the complaint the plaintiff alleges on behalf of purchasers of Mercury Systems, Inc. (NASDAQ: MRCY) common shares between October 24, 2017 and April 24, 2018, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between October 24, 2017 and April 24, 2018, 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.
Those who purchased shares of Mercury Systems, Inc. (NASDAQ: MRCY) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
NASDAQ: MRCY Shareholder Notice: Lawsuit Alleges Misleading Statements by Mercury Systems, Inc.
A lawsuit was filed on behalf of investors in Mercury Systems, Inc. (NASDAQ: MRCY) shares over alleged securities laws violations.