The Law Offices of Frank R. Cruz Announces Investigation on Behalf of Plantronics, Inc. Investors (PLT)
The Law Offices of Frank R. Cruz Announces Investigation on Behalf of Plantronics, Inc. Investors (PLT)
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz is investigating potential claims against the board of directors of Plantronics, Inc. (“Plantronics” or the “Company”) (NYSE: PLT) concerning whether the board breached its fiduciary duties to shareholders.
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On November 5, 2019, after the market closed, the Company announced disappointing second quarter 2020 results, slashed earnings guidance, and disclosed that it would reduce channel inventory by $65 million.
Our investigation concerns whether the Company’s board of directors breached its fiduciary duties to shareholders and/or grossly mismanaged the Company in connection with the foregoing accounting issues.
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If you own Plantronics shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regards to this matter, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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Contacts
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com
