LOS ANGELES–(BUSINESS WIRE)–$PLT #PLT—The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Plantronics, Inc. (“Plantronics” or “the Company”) (NYSE: PLT) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Plantronics engaged in channel stuffing to artificially increase its sales figures. The Company failed to maintain appropriate internal controls on inventory. Plantronics failed to monitor inventory levels before the introduction of new product models which would lower demand for older stock. Based on these facts, the Company’s public statements throughout the class period were false and materially misleading. When the market learned the truth about Plantronics, investors suffered damages.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected].
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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The Schall Law Firm
Brian Schall, Esq.