A lawsuit was filed on behalf of investors in Lexmark International Inc (NYSE:LXK) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 08/25/2017 -- An investor, who purchased shares of Lexmark International Inc (NYSE:LXK), filed a lawsuit over alleged violations of Federal Securities Laws by Lexmark International.
Investors who purchased shares of Lexmark International Inc (NYSE:LXK) should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
According to the complaint the plaintiff alleges on behalf of purchasers of Lexmark International Inc (NYSE:LXK) common shares between August 1, 2014 and July 20, 2015, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between August 1, 2014 and July 20, 2015, the Defendants' statements pertaining to the Company's profitability and growth prospects were materially false and misleading because Defendants failed to disclose that end-user demand and growth for the Company's supplies business was deteriorating, that pricing increases were the primary driver of supplies revenue growth, not end-user demand, that customers in the supplies channel reacted by buying ahead of anticipated pricing increases and that as a result there was excessive inventory levels at its European wholesale distributors.
Those who purchased shares of Lexmark International Inc (NYSE:LXK) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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