HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2022
29
HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Plantronics (PLT) Investors with Losses to Contact Its Attorneys, Application Deadline Approaching

SAN FRANCISCO, Nov. 30, 2019 (GLOBE NEWSWIRE) -- Hagens Berman urges Plantronics, Inc. (NYSE: PLT) investors who have suffered significant losses to submit their losses now or contact the firm immediately to learn if they qualify to recover compensable damages.  A securities fraud class action was recently filed on behalf of certain PLT investors against the company and senior executives.

Class Period: July 2, 2018 – Nov. 5, 2019 Lead Plaintiff Deadline: Jan. 13, 2020 Sign Up : www.hbsslaw.com/investor-fraud/PLT Contact An Attorney Immediately: PLT@hbsslaw.com          510-725-3000

Plantronics, Inc. (PLT) Securities Class Action:

The lawsuit centers on the accuracy of Plantronics’ reported financial results and disclosures to investors. 

More specifically, over the past several quarters, Plantronics has announced “solid bottom-line” results.  In contrast, according to the complaint, Defendants misled investors by failing to disclose (1) Plantronics engaged in channel stuffing to artificially boost sales, (2) the company’s internal controls over inventory levels were not effective, and (3) the company did not adequately monitor inventory levels ahead of multiple product launches, where new models would displace demand for aging products.

On Nov. 4, 2019, Plantronics announced the abrupt departure of its Executive Vice President, Global Sales.

Then, after the market closed on Nov. 5, 2019, Plantronics announced disappointing Q2 2020 financial results and slashed earnings guidance about 40%.  The company announced that it would reduce channel inventory by approximately $65 million and that this action will have a material impact on third quarter and full year results.

In response, the price of Plantronics shares plummeted about 37% on Nov. 6, 2019.

“We’re focused on recovering investors’ losses and whether the company accurately depicted its financial results and business prospects,” said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you purchased shares of Plantronics and suffered significant losses, click here to discuss your legal rights with Hagens Berman .

Whistleblowers: Persons with non-public information regarding Plantronics should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email PLT@hbsslaw.com .

About Hagens Berman Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com . For the latest news visit our newsroom or follow us on Twitter at @classactionlaw .

Contact: Reed Kathrein, 510-725-3000

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Woodpack Global Unveils Crate Design System: A New Era Begins

Updated Category News Views 0

Innovating the Wooden Crate Landscape An old industry got a much-needed facelift today, folks. Woodpack Global has rolled out Crate Design System™ (CDS)—a snazzy new tool that's shaking up the wooden crate design landscape. It blows the dust off outdated design methods that have been collecting cobwebs since the '60s. That's right, we’re talking about a significant...

Continue Reading
ZEEKR's Shooting Brakes Dominate: Over 400K Sold

Updated Category News Views 3

ZEEKR's Stellar Performance in a Crowded Market Another month, another bumper crop for ZEEKR's shooting brakes. These beauties aren't just hanging in there; they're leading the pack. In August alone, global deliveries marched past the 10,000 mark for the third month running—a feat not easily achieved in today's saturated automotive landscape. It's no wonder the...

Continue Reading
MCatalysis Secures $5M to Disrupt Fuel Cost Dynamics

Updated Category News Views 3

Funding Fuels Innovation MCatalysis has just secured a hefty $5 million in seed funding to throw down with the big dogs in energy production. This isn't your regular backyard science project; this company is serious about changing the game with a tech-driven approach that could undercut current fuel prices. HL Energy Ventures and Oxford Science Enterprises are backing...

Continue Reading
RARE Foundation Rebrands, Focus Still Strong

Updated Category News Views 1

Unveiling the RARE Foundation's New Identity In the stock market, you ride waves of change, and let me tell you, it ain't just stocks and bonds that change names and faces. Case in point: The EveryLife Foundation for Rare Diseases has spiffed up as the RARE Foundation. New name, new logo, the whole enchilada. This isn't just a cosmetic touch-up, though. It's about...

Continue Reading
Job Market Shifts: Adaptation vs. Fairness Dilemma

Updated Category News Views 2

The Chameleon Effect in Today's Job Market Walk into any open-space office these days, and you'll see faces plastered with composed, work-ready smiles—faces that might not look so familiar outside those walls. The modern workplace has draped its cloak over individual personalities, with the mighty pressure to 'fit in' often forcing a change in how folks present...

Continue Reading
Monib Zirvi's Dermatology Excellence Honored in 2026

Updated Category News Views 1

Trailblazer in Dermatology Recognized Again Fancy yourself a star in dermatology? Well, take notes from Dr. Monib A. Zirvi. The guy just got his due recognition from Marquis Who's Who for his sizable contributions to dermatology and research. For someone who's been at this game for over two decades, Zirvi doesn't just glide by on old merits. He's the real deal, and his...

Continue Reading
Aflac's $200M Milestone in Cancer Charity Support

Updated Category News Views 0

Pioneering Efforts Across Decades Here’s an effort that bucks the usual corporate talk. Aflac, the supplemental insurance giant, isn’t just mumbling about its mission; it's doing the heavy lifting in the fight against childhood cancer and blood disorders. With over $200 million in contributions poured into the cause over more than 30 years, they're putting the capital...

Continue Reading
Sandbox VR Expands to Melbourne, Betting on Immersive Fun

Updated Category News Views 0

Sandbox VR Ventures into Melbourne's Heart Every now and then, a venture takes its ambitions and rolls the dice on a prime location. Sandbox VR is swaggering into Melbourne's bustling Central Business District, fresh out of its success on the Gold Coast. Opening this Melbourne venue on September 14 marks a significant leap in the company's Aussie expansion—a bold nod to...

Continue Reading
South Florida Donor Network Honors 52 Heroic Donors

Updated Category News Views 3

A Heartfelt Tribute to Lifesavers You ever been to a gathering that reminds you how deeply human connections run? That's what happened at The Diplomat Beach Resort in Hollywood. South Florida Donor Network (SFDN) pulled together a ceremony honoring 52 donor heroes whose legacies beat strong through the recipients living thanks to their gifts. An Event Worth Attending...

Continue Reading
Cap Juluca: Caribbean Luxury Redefined on Maundays Bay

Updated Category News Views 0

The Tranquil Call of Maundays Bay Find me dipping my toes in the sands of Maundays Bay come October 10, 2026, and you'll understand why this slice of Anguilla stakes its claim to being the best beach on the globe. Cap Juluca, that crown jewel of Caribbean luxury, swings open its doors once more, promising indulgence framed by turquoise waters and the soft whisper of white...

Continue Reading

Top 5 Most Recently Viewed Articles

Ariceum Therapeutics' Radiopharmaceutical Receives FDA Designation

Updated Category News Views 180

Ariceum Therapeutics Celebrates FDA Orphan Drug Designation Ariceum Therapeutics, a pioneering biotech firm, is making waves in oncology with its new radiopharmaceutical therapy. Recently, the company received an Orphan Drug Designation from the U.S. FDA for its innovative treatment known as 225Ac-satoreotide. This groundbreaking therapy targets patients battling...

Continue Reading
Craft Spirits Demand Drives USD 193 Billion Wine Market Growth

Updated Category News Views 131

Craft Spirits Demand Drives USD 193 Billion Wine Market Growth The global wine and spirits market is set to witness an impressive growth trajectory, estimated to increase by USD 193.2 billion between 2024 and 2028 according to recent reports. The overall market is projected to achieve a compound annual growth rate (CAGR) of 3.2%. This robust expansion is significantly...

Continue Reading
Baffin Unveils Innovative Gaiters and Liner Sock for Adventurers

Updated Category News Views 163

Baffin's Expansion into Outdoor Accessories Baffin takes a bold step into the outdoor accessory segment with the launch of its latest products: GAITERS and BASE LAYER LINER SOCK. These innovative offerings are set to elevate the experience for outdoor enthusiasts looking for reliable performance in challenging environments. Introducing GAITERS: A New Standard in Cold...

Continue Reading
PST Group AB Secures Major Contract for Industrial Complex

Updated Category News Views 195

PST Group AB Signs Major Contract PST Group AB, a prominent player in the construction industry, recently entered into a substantial EUR 42 million contract with UAB JPresswood. This agreement aims to establish a complex of industrial buildings, which will feature vital ancillary and energy production structures, as well as an administrative building equipped with...

Continue Reading
Cailin Birch to Speak at IPA AltsGlobal in London: Key Insights

Updated Category News Views 176

Cailin Birch to Speak at IPA AltsGlobal Event Registration is now open for a premier international gathering centered on alternative investments, where some of the industry's most influential figures will share their insights. Keynote Address by Cailin Birch The Institute for Portfolio Alternatives (IPA) proudly announces that Cailin Birch, the Principal Global Economist...

Continue Reading