NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP is investigating potential claims against Plantronics, Inc. (“Plantronics” or the “Company”) (NYSE: PLT). This investigation concerns whether Plantronics has violated federal securities laws and/or engaged in other unlawful business practices.
On November 5, 2019, the Company announced disappointing second quarter 2020 results, decreased earnings guidance, and disclosed that it would reduce channel inventory by $65 million.
On this news, the Company’s stock price fell $14.44 per share, or 36.6%, to close at $25.00 per share on November 6, 2019.
If you acquired Plantronics securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at investigations@kmllp.com, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, and whistleblower litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website: www.kmllp.com.
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