LOS ANGELES–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24VRNT&src=ctag” target=”_blank”gt;$VRNTlt;/agt; lt;a href=”https://twitter.com/hashtag/CLASSACTION?src=hash” target=”_blank”gt;#CLASSACTIONlt;/agt;–Glancy Prongay & Murray LLP (“GPM”) announces the continuation of its
investigation on behalf of Verint Systems Inc. (“Verint” or the
“Company”) (NASDAQ: VRNT)
investors concerning the Company and its officers’ possible violations
of federal securities laws.
If you are a shareholder who suffered a loss, click here to
participate.
If you wish to learn more about this action, or if you have any
questions concerning this announcement or your rights or interests with
respect to these matters, please contact Lesley Portnoy, Esquire, at
310-201-9150, Toll-Free at 888-773-9224, or by email to [email protected],
or visit our website at www.glancylaw.com.
On May 23, 2019, Spruce Point Capital Management released a report
alleging that the Company compensated for slow growth with “aggressive
M&A and dubious accounting” and that the Company’s proxy fight with
Neuberger Berman raised “significant red flags” about its corporate
governance.
On this news, the Company’s share price fell $5.68, nearly 10%, to close
at $55.49 per share on May 23, 2019, thereby injuring investors.
If you purchased Verint securities, have information, or would like to
learn more about these claims, or have any questions concerning this
announcement or your rights or interests with respect to these matters,
please contact Lesley Portnoy, of GPM, 1925 Century Park East, Suite
2100, Los Angeles, CA 90067 at 310-201-9150, Toll-Free at 888-773-9224,
or visit our website at www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number, and the number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Contacts
Glancy Prongay and Murray LLP, Los Angeles
Lesley Portnoy,
310-201-9150 or 888-773-9224
www.glancylaw.com
[email protected]
