NEW YORK–(BUSINESS WIRE)–$ARLO #classaction–The law firm of Kirby
McInerney LLP is investigating potential claims against Arlo
Technologies, Inc. (“Arlo” or the “Company”) (NYSE: ARLO).
This investigation concerns whether Arlo has violated federal securities
laws and/or engaged in other unlawful business practices.
On December 3, 2018, the Company announced that shipments of Ultra, the
Company’s new wire-free security camera system, would be delayed “due to
a quality issue with the battery from one of its suppliers,” and lowered
its guidance for fourth quarter 2018.
On this news, the price of Arlo shares fell $2.75, or more than 22%, to
close at $9.28 on December 3, 2018.
If you acquired Arlo securities, have information, or would like to
learn more about these claims, please contact Thomas
W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at firstname.lastname@example.org,
or by filling out this
contact form, to discuss your rights or interests with respect to
these matters without any cost to you.
McInerney LLP is a New York-based plaintiffs’ law firm concentrating
in securities, antitrust, and whistleblower litigation. The firm’s
efforts on behalf of shareholders in securities litigation have resulted
in recoveries totaling billions of dollars. Additional information about
the firm can be found at Kirby McInerney LLP’s website: www.kmllp.com.
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