|[September 16, 2013]
Law Offices of Todd M. Garber Announces Class Action Lawsuit Against Polycom, Inc.
LOS ANGELES --(Business Wire)--
The Law Offices of Todd M. Garber announces that a class action lawsuit
has been 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 (News - Alert), Inc. ("Polycom" or the "Company") (NASDAQ:PLCM)
securities between July 24, 2012 and July 23, 2013, inclusive (the
Polycom provides standards-based unified communications and
collaboration, including video, voice and content-management and
content-sharing solutions, mobile device applications, browser-based
video collaboration and cloud-delivered services. On July 23, 2013
Polycom issued a press release announcing the resignation of the
Company's Pesident 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 these
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 above-described Class, 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 may retain counsel of your choice or take no action and remain an
absent member of the Class. If you have information or would like to
learn more about these claims, or if you purchased shares prior to the
Class Period and have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact Todd
M. Garber, Esquire, of the Law Offices of Todd M. Garber, by telephone
at 213-700-7262 or by email to firstname.lastname@example.org.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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