NEW YORK, NY / ACCESSWIRE / March 31, 2021 / Labaton Sucharow LLP, a nationally ranked and award-winning shareholder rights law firm, is investigating potential securities violations and breach of fiduciary duty claims against Amdocs Limited (NASDAQ:DOX), a company that specializes in software and services for communications, media, and financial services providers.
On March 31, short-seller Jehoshaphat Research accused the company of a "massive financial deception." The firm says it compared "extensive evidence from the national corporate registry filings of dozens of subsidiaries from around the globe" with Amdocs' public filings and found "widely overstated profit margins," a shaky balance sheet, and a "revolving door" of auditors. The short seller calls DOX "uninvestable."
On this news, the stock is down approximately 12% on enormous volume.
If you currently own shares and/or options of DOX and want to receive additional information and protect your investments free of charge, please contact David J. Schwartz using the toll-free number (800) 321-0476 or via email at [email protected].
SOURCE: Labaton Sucharow LLP