LOS ANGELES, June 05, 2019 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Verint Systems, Inc. (“Verint” or “the Company”) (NASDAQ: VRNT) for violations of §§10(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.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Spruce Point Capital Management released a report on May 23, 2019, alleging that Verint used “aggressive M&A and dubious accounting” to compensate for slow growth. The report also stated that the Company’s proxy fight with Neuberger Berman raised “significant red flags” about its corporate governance. Based on this report, shares of Verint fell by 10% the same day.
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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.
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CONTACT:
The Schall Law Firm
Brian Schall, Esq.
Rina Restaino, Esq.
310-301-3335
Cell: 424-303-1964
info@schallfirm.com