The Law Offices of Frank R. Cruz Announces Investigation on Behalf of Amdocs Limited Investors (DOX)
December 13 2019 - 7:25PM
Business Wire
The Law Offices of Frank R. Cruz (“FRC”) announces an
investigation on behalf of Amdocs Limited (“Amdocs” or the
“Company”) (NASDAQ: DOX) investors concerning the Company and its
officers’ possible violations of federal securities laws.
If you are a shareholder who suffered a loss, click here to
participate.
On January 23, 2019, Spruce Point Capital Management published a
report alleging that Amdocs “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 fell $5.41, or nearly 9%, to close at $55.06 on January 23,
2019, thereby injuring investors.
Follow us for updates on Twitter: twitter.com/FRC_LAW.
If you purchased Amdocs securities, have information or would
like to learn more about these claims, or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Frank R. Cruz, of FRC,
1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067
at 310-914-5007, by email to fcruz@frankcruzlaw.com, or visit our
website at www.frankcruzlaw.com. If you inquire by email please
include your mailing address, telephone number, and number of
shares purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: https://www.businesswire.com/news/home/20191213005505/en/
The Law Offices of Frank R. Cruz, Los Angeles Frank R. Cruz,
310-914-5007 fcruz@frankcruzlaw.com www.frankcruzlaw.com
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