ACCESS Newswire
12 Aug 2022, 00:31 GMT+10
NEW YORK, NY / ACCESSWIRE / August 11, 2022 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Avaya Holdings Corp. ('Avaya' or the 'Company') (NYSE:AVYA). Investors who purchased Avaya securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/avya.
The investigation concerns whether Avaya has violated federal securities laws.
Avaya is the subject of an article published in the Wall Street Journal on August 9, 2022. According to the Journal, the Company cut its earnings forecast by more than 60% just weeks after borrowing $600 million from institutional investors in deals arranged by Goldman Sachs and JP Morgan Chase. The Company provided no explanation for the major earnings miss, only adding that it would also miss its revenue forecast and would remove its CEO. The Company's audit committee is opening investigations both of a whistleblower letter and its latest quarterly earnings report. Based on this news, shares of Avaya cratered on the same day.
If you are aware of any facts relating to this investigation or purchased Avaya shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/avya. You can also contact Peretz Bronstein or his Law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | [email protected]
SOURCE: Bronstein, Gewirtz and Grossman, LLC
Get a daily dose of Boston Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Boston Star.
More InformationWASHINGTON, D.C.: Filmmaker Peter Jackson's lifelong fascination with the extinct giant New Zealand flightless bird called the moa...
NEW DELHI, India: India has submitted a revised proposal to the World Trade Organization (WTO) in Geneva to implement retaliatory tariffs...
SAN FRANCISCO, California: Nvidia, the Silicon Valley chipmaker at the heart of the artificial intelligence boom, this week briefly...
REDMOND, Washington: Artificial intelligence is transforming Microsoft's bottom line. The company saved over US$500 million last year...
WASHINGTON, D.C.: A federal rule designed to make it easier for Americans to cancel subscriptions has been blocked by a U.S. appeals...
BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...
WASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland...
(Photo credit: David Butler II-Imagn Images) The Boston Red Sox will be looking to extend their winning streak to 10 games Sunday...
(Photo credit: Eric Canha-Imagn Images) In his 51st career start, Garrett Crochet accomplished two feats in one dominant outing:...
(Photo credit: Steve Roberts-Imagn Images) Heavyweight Derrick Lewis needed only 35 seconds to end the undefeated run of Tallison...
(Photo credit: Eric Canha-Imagn Images) Garrett Crochet tossed a complete-game shutout and the Boston Red Sox extended their winning...
(Photo credit: Eric Canha-Imagn Images) Garrett Crochet tossed a complete-game shutout and the Boston Red Sox extended their winning...