An investigation for investors in Plantronics Inc (NYSE:PLT) over potential securities laws violations by Plantronics and certain of its directors and officers was announced.
Investors who purchased shares of Plantronics Inc (NYSE:PLT), 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 focuses on whether a series of statements by Plantronics regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Plantronics Inc reported that its Total Revenue rose from $762.23 million for the 52 weeks period that ended on March 31, 2013 to $865.01 million for the 52 weeks period that ended on March 31, 2015 and that its Net Income for those respective time periods rose from $106.40 million to $112.30 million. Shares of Plantronics Inc (NYSE:PLT) grew from $30.61 per share in May 2012 to as high as $58.09 per share in June 2015. Since then NYSE:PTL shares lost substantial value. In fact, NYSE:PLT shares declined to as low as $32.13 per share on February 2, 2016.
On March 4, 2016, NYSE:PLT shares closed at $38.52 per share.
Those who purchased shares of Plantronics Inc (NYSE:PLT) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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