Cases
Verint Systems Inc. (NASDAQ: VRNT)
Securities Class Action
Overview
Overview
- Date:
- 5/31/2019
- Company Name:
- Verint Systems Inc.
- Stock Symbol:
- VRNT
- Status:
- Closed/Complete
NEW YORK, May 31, 2019 – Bragar Eagel & Squire, P.C. is investigating potential claims against Verint Systems Inc. (NASDAQ: VRNT) on behalf of Verint stockholders. Our investigation concerns whether Verint has violated the federal securities laws and/or engaged in other unlawful business practices.
On May 23, 2019, Spruce Point Capital Management released a report titled “A Short Call Report.” The report accuses Verint of “making up for slow growth with aggressive M&A and dubious accounting,” and highlighted a "disregard for shareholders concerns.” Spruce Point also expressed concern over Verint’s “atrocious governance,” especially in regard to its proxy fight with Neuberger Berman, which has raised “significant red flags.”
On this news, Verint’s share price fell by more than 7%, closing at $55.49 per share on May 23, 2019.
If you purchased or otherwise acquired Verint shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On May 23, 2019, Spruce Point Capital Management released a report titled “A Short Call Report.” The report accuses Verint of “making up for slow growth with aggressive M&A and dubious accounting,” and highlighted a "disregard for shareholders concerns.” Spruce Point also expressed concern over Verint’s “atrocious governance,” especially in regard to its proxy fight with Neuberger Berman, which has raised “significant red flags.”
On this news, Verint’s share price fell by more than 7%, closing at $55.49 per share on May 23, 2019.
If you purchased or otherwise acquired Verint shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.