LOS ANGELES–(BUSINESS WIRE)–$PLT—Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Plantronics, Inc. (“Plantronics” or the “Company”) (NYSE: PLT) investors concerning the Company and its officers’ possible violations of federal securities laws.
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On November 5, 2019, after the market closed, the Company announced disappointing second quarter 2020 results, slashed earnings guidance, and disclosed that it would reduce channel inventory by $65 million.
On this news, the Company’s stock price fell $14.44 per share, or nearly 37%, to close at $25.00 per share on November 6, 2019, thereby injuring investors.
If you purchased Plantronics 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 F. Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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Contacts
Glancy Prongay & Murray LLP, Los Angeles/New York
Lesley F. Portnoy, 310-201-9150 or 888-773-9224
[email protected]
www.glancylaw.com
