LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Mercury Systems, Inc. (“Mercury” or “the Company”) (NASDAQ: MRCY) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Mercury is the subject of a report published by Glasshouse Research on July 26, 2022. The report, titled: “Roll-Up Mercury Systems Set to Unravel,” claims that the Company’s organic revenue is “overstated,” that its Physical Optics acquisition has been a “disaster,” and that management has prematurely recognized revenues. Based on this report, shares of Mercury fell sharply on the same day.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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