|[August 31, 2013]
Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline in the Class Action Lawsuit against Polycom, Inc.
BENSALEM, Pa. --(Business Wire)--
Law Offices of Howard G. Smith announces that investors of Polycom (News - Alert), Inc.
("Polycom" or the "Company") (NASDAQ:PLCM) have until September 24, 2013
to move the Court to serve as lead plaintiff in the securities fraud
class action lawsuit filed in the United States District Court for the
Northern District of California on behalf of a class (the "Class")
comprising all purchasers of Polycom securities between July 24, 2012
and July 23, 2013, inclusive (the "Class Period").
On July 23, 2013 Polycom issued a press release announcing the
resignation of the Company's President and Chief Executive Officer,
Andrew Miller (News - Alert). According to the Company, on July 17, 2013 the Audit
Committee of the Board of Directors completed "a review of certain of
Mr. Miller's expense submissions" and found "certain irregularities in
Following this news, on July 24, 2013 the price of Polycom shares fell
$1.69, or more than 15%, to $9.49 per share, on volume of more than 14
million shares traded.
If you are a member of the Class described above you may move the Court
no later than September 24, 2013 to serve as lead plaintiff; however,
you must meet certain legal requirements. To be a member of the Class
you need not take any action at this time; you may retain counsel of
your choice or take no action and remain an absent member of the Class.
If you are a member of the Class described above, you have certain
rights and have until September 24, 2013 to move for lead plaintiff
status. To be a member of the class you need not take any action at this
time or may retain counsel of your choice. If you purchased shares prior
to the Class Period and wish to learn more concerning your rights or
interests with respect to these matters, please contact Howard G. Smith,
Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite
112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll
Free at (888) 638-4847, or by email to firstname.lastname@example.org,
or visit our website at http://www.howardsmithlaw.com.
[ Back To Technology News's Homepage ]