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The Law Offices of Frank R. Cruz Announces Investigation of Amdocs Limited (DOX) on Behalf of Investors

Nachrichtenquelle: Business Wire (engl.)
07.04.2021, 18:00  |  86   |   |   

The Law Offices of Frank R. Cruz announces an investigation of Amdocs Limited (“Amdocs” or the “Company”) (NASDAQ: DOX) on behalf of investors concerning the Company’s possible violations of federal securities laws.

If you are a shareholder who suffered a loss, click here to participate.

On March 31, 2021, before markets opened, Jehoshaphat Research published a report alleging that Amdocs overstated its profits, evidenced by steady parent profits despite declining subsidiary profits. The report also noted there was a concerning pattern of reputable auditors resigning, only to be replaced by "scandal-plagued or tiny shops." Furthermore, the report alleged that the Company "window-dressed" its balance sheets to keep its large borrowing a secret, and former employees and direct competitors corroborated the findings, including a former American Amdocs executive, who stated, "The US business was declining at a rate of [around] 7% annually . . . but then we would see the company [publish results that] say North America is stable."

On this news, Amdocs’ stock price fell $4.35, or 5.5%, from closing at $79.34 on March 30, 2021 to open at $74.99 on March 31, 2021.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you purchased Amdocs 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 Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Amdocs Aktie jetzt über den Testsieger (Finanztest 11/2020) handeln, ab 0 € auf Smartbroker.de



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The Law Offices of Frank R. Cruz Announces Investigation of Amdocs Limited (DOX) on Behalf of Investors The Law Offices of Frank R. Cruz announces an investigation of Amdocs Limited (“Amdocs” or the “Company”) (NASDAQ: DOX) on behalf of investors concerning the Company’s possible violations of federal securities laws. If you are a shareholder who …

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