Lawsuit for Investors in Shares of Symantec Corporation (NASDAQ: SYMC) Announced by Shareholders Foundation
SAN DIEGO, CA, June 26, 2018 (Newswire.com) - The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in shares of Symantec Corporation (NASDAQ: SYMC).
Investors, who purchased shares of Symantec Corporation (NASDAQ: SYMC), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On May 10, 2018, Symantec Corporation reported that its "Audit Committee of the Board of Directors has commenced an internal investigation in connection with concerns raised by a former employee." Symantec Corporation disclosed that it voluntarily contacted the Securities and Exchange Commission ("SEC") to advise it of the internal investigation. Symantec Corporation further reported that it "is unlikely that the investigation will be completed in time for the Company to file its annual report on Form 10-K for the fiscal year ended March 30, 2018 in a timely manner."
On May 17, 2018, a lawsuit was filed against Symantec Corporation over alleged securities laws violations. The plaintiff claims that the defendants made false and/or misleading statements and/or failed to disclose that Symantec's internal controls over financial reporting were materially weak and deficient, that Symantec's later disclosed "reporting of certain Non-GAAP measures including those that could impact executive compensation programs" would lead to heightened regulatory scrutiny by the Securities and Exchange Commission ("SEC"), and that as a result, Symantec'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.
Those who purchased Symantec Corporation (NASDAQ: SYMC) shares should contact the Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
SOURCE: Shareholders Foundation, Inc.
Source: Shareholders Foundation, Inc.
