Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Mercury Systems, Inc. (MRCY)
NEW YORK, July 11, 2018 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a class action lawsuit has been filed against Mercury Systems, Inc. (“Mercury Systems” or the “Company”) (Nasdaq:MRCY) in the United States District Court for the District of Massachusetts on behalf of a class consisting of investors who purchased or otherwise acquired Mercury Systems securities between October 24, 2017 and April 24, 2018, seeking to recover compensable damages caused by Defendants’ violations of the Securities Exchange Act of 1934.
The Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (1) Mercury’s decision to in-source processing was adversely impacting Mercury’s operating margins and free cash-flow generation and conversion; (2) Mercury’s model was becoming structurally more working capital intensive; and (3) as a result of the foregoing, Mercury’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
Investors who purchased or otherwise acquired shares during the Class Period should contact the Firm prior to the September 10, 2018 lead plaintiff motion deadline. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at email@example.com or firstname.lastname@example.org.
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