INVESTOR ALERT: Kaskela Law LLC Announces Shareholder Class Action Lawsuit Against Mercury Systems, Inc. – MRCY
RADNOR, Pa., July 10, 2018 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that a shareholder class action lawsuit has been filed against Mercury Systems, Inc. (NASDAQ:MRCY) (“Mercury” or the “Company”) on behalf of investors who purchased the Company’s common stock between October 24, 2017 and April 24, 2018, inclusive (the “Class Period”).
IMPORTANT DEADLINE: Investors who purchased Mercury’s common stock during the Class Period may, no later than September 10, 2018, seek to be appointed as a lead plaintiff representative of the investor class. Mercury investors are encouraged to contact Kaskela Law LLC (David Seamus Kaskela, Esq.) at (484) 258 – 1585 or (888) 715 – 1740, or via http://kaskelalaw.com/case/mercury-systems/, for additional information about this action or to submit their information.
The shareholder class action complaint alleges that Mercury and certain other defendants made false and misleading statements and/or failed to disclose to investors that: (i) Mercury’s decision to in-source processing was adversely impacting Mercury’s operating margins and free cash-flow generation and conversion; and (ii) Mercury’s model was becoming structurally more working capital intensive. The complaint further alleges that, as a result of the foregoing, investors purchased Mercury’s common stock at artificially inflated prices during the Class Period and have sustained significant investment losses.
Mercury investors are encouraged to contact Kaskela Law LLC, prior to September 10, 2018, for additional information about this action or to submit their information. Kaskela Law LLC exclusively represents investors in state and federal courts throughout the country. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.