FINAL DEADLINE ALERT: Kaskela Law LLC Announces Shareholder Class Action Lawsuit Against Flex, Ltd. & Encourages Investors wi...
July 05 2018 - 8:00AM
Business Wire
A shareholder class action lawsuit has been filed against Flex,
Ltd. (NASDAQ: FLEX) (“Flex” or the “Company”) on behalf of
investors who purchased the Company’s common stock between
January 26, 2017 and April 26, 2018, inclusive (the “Class
Period”).
FINAL DEADLINE ALERT: Investors who purchased Flex’s
common stock during the Class Period may, no
later than July 9, 2018, seek to be appointed as a lead
plaintiff of the investor class.
Flex investors are encouraged to contact Kaskela Law LLC
(David Seamus Kaskela, Esq.) at (484) 258 – 1585 or (888) 715 –
1740 to discuss their important legal rights and options with
respect to this action prior to July 9,
2018. Investors may also go to
http://kaskelalaw.com/case/flex-ltd/ to submit their
information to the firm online.
On April 26, 2018, Flex 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.” Following this news, shares of
the Company’s stock declined $3.61 per share, or over 21%, to close
at $13.03 on April 27, 2018, on heavy trading volume.
The shareholder class action complaint alleges that Flex made
false and misleading statements and/or failed to disclose to
investors that: (i) the Company’s internal controls over financial
reporting were materially weak and deficient; and (ii) the Company
had improperly accounted for obligations in a customer contract and
certain related reserves. The complaint further alleges that, as a
result of the foregoing, investors purchased Flex’s stock at
artificially inflated prices during the Class Period and suffered
significant investment losses following the Company’s April 26,
2018 disclosures.
Investors are encouraged to contact Kaskela Law LLC to discuss
their important legal rights and options with respect to this
action prior to July 9, 2018.
Kaskela Law LLC exclusively prosecutes shareholder actions in state
and federal courts throughout the country on behalf of investors.
For additional information about Kaskela Law LLC please visit
www.kaskelalaw.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20180705005017/en/
KASKELA LAW LLCDavid Seamus Kaskela, Esq.201 King of
Prussia RoadSuite 650Radnor, PA
19087888-715-1740skaskela@kaskelalaw.comwww.kaskelalaw.com
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