NEW YORK, NY / ACCESSWIRE / February 12, 2024 / If you have suffered a loss on your Mercury Systems, Inc. (NASDAQ:MRCY) and would like to learn more about a potential takeover under the federal securities laws, follow the link below for more information:
or contact Joseph E. Levi, Esq. by email at [email protected] or call (212) 363-7500 to speak with our team of experienced shareholder advocates.
THE TRIAL : This lawsuit is on behalf of individuals and entities who purchased or otherwise acquired Mercury's common stock between December 7, 2020 and June 23, 2023, inclusive.
CASE DETAILS: The complaint filed alleges that Defendants misrepresented and/or concealed that: (i) Mercury Systems' serial acquisition strategy was not working and Mercury Systems was using improper revenue recognition practices, such as switch to long-term contracts to mask the deterioration of organic growth; (ii) Mercury Systems' acquisition of Physical Optics Corporation (“POC”) caused POC to lose its small business accreditation, which prevented POC from winning contracts that represented a large portion of its historical business; (iii) Mercury Systems had at least twenty programs that were suffering and not working well; and (iv) Mercury Systems' initiative to increase margins was not working and was actually reducing margins.
AND AFTER? If you suffered a loss on Mercury Systems shares during the relevant period – even if you still own your shares – go to to know your rights to seek compensation. There is no cost or obligation to participate.
WHY LÉVI & KORSINSKI: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally recognized securities litigation firm that has obtained hundreds of millions of dollars for injured shareholders and amassed a track record of victories in high-stakes cases. The firm has extensive expertise in representing investors in complex securities litigation and a team of more than 70 employees to serve our clients. For seven consecutive years, Levi & Korsinsky has been ranked in the ISS Securities Class Action Services Top 50 Report as one of the top securities litigation firms in the United States. Lawyer advertising. Previous results do not guarantee similar results.
SOURCE: Levi & Korsinsky, LLP
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