RADNOR, Pa.--(BUSINESS WIRE)--
The law firm of Kessler Topaz Meltzer & Check, LLP is investigating potential securities fraud claims on behalf of investors in Micro Focus International plc (NYSE: MFGP) (“Micro Focus” or the “Company”).
The investigation concerns whether Micro Focus and certain of its officers and/or directors have violated the federal securities laws and/or engaged other unlawful business practices.
On March 19, 2018, Micro Focus announced that “the rate of year-on-year revenue decline has been greater than anticipated” and that the Company was “issuing revised constant currency revenue guidance for the twelve months ending 31 October 2018 of minus 6% to minus 9% compared to the proforma 12 months ending 31 October 2017.” Additionally, the Company disclosed that its Chief Executive Officer had resigned, immediately. Following this news, shares of Micro Focus’ depository receipts declined $12.20 per share, or over 46.5%, to close on March 19, 2018 at $14.01.
Micro Focus investors who wish to discuss this investigation and their legal options are encouraged to contact Kessler Topaz Meltzer & Check, LLP (D. Seamus Kaskela, Esq. or Adrienne O. Bell, Esq.) at (888) 299 – 7706, at [email protected], or via our website at www.ktmc.com/micro-focus-international-plc.
Kessler Topaz Meltzer & Check prosecutes class actions in state and federal courts throughout the country. Kessler Topaz Meltzer & Check is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). For more information about Kessler Topaz Meltzer & Check, please visit: www.ktmc.com.
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