The Law Offices of Frank R. Cruz Announces Investigation on Behalf of Amdocs Limited Investors (DOX)

Date : 12/14/2019 @ 12:25AM
Source : Business Wire
Stock : Amdocs Ltd (DOX)
Quote : 74.13  -0.72 (-0.96%) @ 12:59AM
After Hours
Last Trade
Last $ 74.13 ◊ 0.00 (0.00%)

The Law Offices of Frank R. Cruz Announces Investigation on Behalf of Amdocs Limited Investors (DOX)

Amdocs (NASDAQ:DOX)
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2 Months : From Nov 2019 to Jan 2020

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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.

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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