Cases
Lexmark International, Inc. (Other: LXK)
Securities Class Action
Overview
Overview
- Date:
- 8/8/2017
- Company Name:
- Lexmark International, Inc.
- Stock Symbol:
- LXK
- Class Period:
- FROM 8/1/2014 TO 7/20/2015
- Status:
- Closed/Complete
- Court:
- U.S. District Court: Southern District of New York
NEW YORK, August 8, 2017 – Bragar Eagel & Squire, P.C. reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of all persons or entities who purchased or otherwise acquired Lexmark International, Inc. (Other: LXK) securities between August 1, 2014 and July 20, 2015 (the “Class Period”). Investors have until September 19, 2017 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The investigation concerns whether the Company adequately disclosed sharp declines in its revenues for the second quarter 2015 results. On July 21, 2015, Lexmark reported poor results for its second quarter ending June 30, 2015 and lowered its 2015 sales guidance. The Company revealed its supplies growth was not attributable to end-user demand but rather the result of its European customers buying ahead of customary price increases which produced excessive inventory.
On this news, shares of Lexmark fell sharply in value, thereby damaging investors.
If you purchased or otherwise acquired Lexmark securities during the Class Period or continue to hold shares purchased prior to the Class Period, 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.
The investigation concerns whether the Company adequately disclosed sharp declines in its revenues for the second quarter 2015 results. On July 21, 2015, Lexmark reported poor results for its second quarter ending June 30, 2015 and lowered its 2015 sales guidance. The Company revealed its supplies growth was not attributable to end-user demand but rather the result of its European customers buying ahead of customary price increases which produced excessive inventory.
On this news, shares of Lexmark fell sharply in value, thereby damaging investors.
If you purchased or otherwise acquired Lexmark securities during the Class Period or continue to hold shares purchased prior to the Class Period, 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.