NEW YORK, April 27, 2018 /PRNewswire/ -- Kaplan Fox
& Kilsheimer LLP (www.kaplanfox.com) is investigating potential
claims on behalf of investors of Flex Ltd. ("Flex" or the
"Company") (NASDAQ: FLEX) for violations of the federal
securities laws. Investors who purchased Flex common stock
may be affected.
On April 26, 2018, after the close
of trading, Flex disclosed its fourth quarter and fiscal year-ended
March 31, 2018 financial
results. The Company disclosed that the "Audit Committee of
the Company's Board of Directors, with the assistance of
independent outside counsel, is undertaking an independent
investigation of allegations made by an employee including that the
Company improperly accounted for obligations in a customer contract
and certain related reserves. The independent outside counsel
also notified the San Francisco office of the Securities
and Exchange Commission of the allegations and that it will report
the findings of the independent investigation upon its
conclusion."
"At this time, the Company is not aware of any issues under
investigation that will materially affect the fourth quarter or
fiscal year results, but the investigation is ongoing. The Company
has also not yet determined whether the issues will impact
previously reported periods and, if so, whether that impact will be
material. The historic, fourth quarter, and fiscal year
results disclosed in this release do not reflect the impact, if
any, from the issues under investigation."
On April 27, 2018, before the
market opened, MarketWatch reported that Flex shares
"plunged 19% toward a 1 1/2-year low early Friday, to pace all the
premarket decliners, after the contract manufacturer missed profit
expectations, provided a downbeat outlook and said it was
investigating allegations of improper accounting."
If you are an investor in Flex and would like to discuss our
investigation, please contact us by emailing jcampisi@kaplanfox.com
or by calling 800-290-1952.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
Kaplan Fox & Kilsheimer LLP,
with offices in New York,
San Francisco, Los Angeles, Chicago and New
Jersey, has many years of experience in prosecuting investor
class actions. For more information about Kaplan Fox & Kilsheimer LLP, you may visit
our website at www.kaplanfox.com. If you have any questions
about this Notice, the action, your rights, or your interests,
please contact:
Jeffrey P. Campisi
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(800) 290-1952
(212) 687-1980
Fax: (212) 687-7714
E-mail: jcampisi@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
350 Sansome Street, Suite 400
San Francisco, California
94104
(415) 772-4700
Fax: (415) 772-4707
E-mail: lking@kaplanfox.com
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SOURCE Kaplan Fox &
Kilsheimer LLP