NEW YORK, NY / ACCESSWIRE / April 1, 2021 / Labaton Sucharow LLP, a nationally-awarded shareholder rights law firm, investigates potential securities violations and breach of fiduciary duty claims against Amdocs Limited (NASDAQ: DOX), a company specializing in software and services for communications, media and financial service providers.
On March 31, short seller Jehoshaphat Research accused the company of “massive financial deception.” The company said it compared “a lot of evidence from the national company registry filings of dozens of subsidiaries around the world” with public documents from Amdocs and found “grossly overestimated profit margins,” a precarious balance sheet and a ” revolving door “of listeners. . The short seller qualifies the DOX as “non-investable”.
On this news, the stock is down about 12% on huge volume.
If you currently own shares and / or options of DOX and would like 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 by e-mail at dschwartz @labaton .com.
THE SOURCE: Labaton Sucharow LLP
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