NEW YORK--(BUSINESS WIRE)--
Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Flex, Ltd. (NASDAQ: FLEX) resulting from allegations that Flex may have issued materially misleading business information to the investing public.
On April 26, 2018, after the market closed, Flex disclosed its fourth quarter and fiscal year-ended March 31, 2018 financial results. Flex further disclosed that the “Audit Committee of the Company’s Board of Directors, with the assistance of independent outside counsel, is undertaking an independent investigation of allegations made by an employee including that the Company improperly accounted for obligations in a customer contract and certain related reserves. The independent outside counsel also notified the San Francisco office of the Securities and Exchange Commission of the allegations and that it will report the findings of the independent investigation upon its conclusion.” On this news, shares of Flex fell more than $3.61 per share or over 21.6% to close at $13.03 per share on April 27, 2018.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Flex investors. If you purchased shares of Flex please visit the firm’s website at http://www.rosenlegal.com/cases-1335.html to join the class action. You may also contact Phillip Kim or Zachary Halper of Rosen Law Firm toll free at 866-767-3653 or via email at [email protected] or [email protected].
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. The Rosen Law Firm was Ranked No. 1 by Institutional Shareholder Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013.
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