NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Amdocs Limited (NASDAQ: DOX) resulting from allegations that Amdocs Limited may have issued materially misleading business information to the investing public.
On January 23, 2019, Spruce Point Capital Management issued a report alleging how Amdocs has “engineered superficial top and bottom-line growth” through “opaque M&A, aggressive percentage-of-completion accounting, software cost capitalization, and repeated one-off net tax benefits.” On this news, shares of Amdocs Limited have fallen sharply during intraday trading on January 23, 2019.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Amdocs Limited investors. If you purchased shares of Amdocs Limited please visit the firm’s website at https://www.rosenlegal.com/cases-1492.html to join the class action. You may also contact Phillip Kim or Zachary Halper of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or zhalper@rosenlegal.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013.
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