Robbins Geller Rudman & Dowd LLP Announces Lead Plaintiff Deadline in the Amdocs Limited Class Action Lawsuit

Robbins Geller Rudman & Dowd LLP announces that purchasers of Amdocs Limited (NASDAQ:DOX) common stock during the period between January 29, 2021 and March 30, 2021 (the “Class Period”) (the “Amdocs class action lawsuit”) have until June 8, 2021 to seek appointment as lead plaintiff in the Amdocs class action lawsuit. This case is captioned Glover v. Amdocs Limited, No. 21-cv-00418 (E.D. Mo.).

The Private Securities Litigation Reform Act of 1995 permits any investor who purchased Amdocs common stock during the Class Period to seek appointment as lead plaintiff in the Amdocs class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Amdocs class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Amdocs class action lawsuit. An investor’s ability to share in any potential future recovery of the Amdocs class action lawsuit is not dependent upon serving as lead plaintiff. If you wish to serve as lead plaintiff in the Amdocs class action lawsuit, you must move the Court no later than 60 days from April 9, 2021. If you wish to discuss the Amdocs class action lawsuit or have any questions concerning this notice or your rights or interests, please provide your information here or contact plaintiff’s counsel, Mary K. Blasy of Robbins Geller, at 800/449-4900 or 631-454-7719 or via e-mail at [e-mail]. You can view a copy of the complaint as filed at https://www.rgrdlaw.com/cases-amdocs-limited-class-action-lawsuit.html.

The Amdocs class action lawsuit charges Amdocs and certain of its officers and directors with violations of the Securities Exchange Act of 1934. Amdocs provides global software and services to the communications, cable and satellite, entertainment, and media industry service providers.

The Amdocs class action lawsuit alleges that throughout the Class Period, Amdocs overstated the strength of its business metrics and financial prospects, including concealing that Amdocs had been losing customers and that its U.S. business in particular had been declining, that Amdocs had been borrowing undisclosed sums in the past in order to meet its capital needs but concealing that borrowing from investors, that Amdocs was concealing the restrictions on the cash it held, that Amdocs had been overstating its operating profits by up to 50%, and that as a result of the foregoing, defendants lacked a reasonable basis for their positive statements about the Company, its prospects and revenue growth rate during the Class Period.