AVAYA HOLDINGS CORP. (AVYAQ) SHAREHOLDER CLASS ACTION ALERT: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against Avaya Holdings Corp. (AVYAQ)
AVAYA HOLDINGS CORP. (AVYAQ) SHAREHOLDER CLASS ACTION ALERT: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against Avaya Holdings Corp. (AVYAQ)
Did you lose money on investments in Avaya Holdings Corp.? If so, please visit Avaya Holdings Corp. Shareholder Class Action Lawsuit or contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com to discuss your rights.
你在Avaya Holdings Corp.的投資中虧損了嗎？如果是，請訪問Avaya Holdings Corp.股東集體訴訟或聯繫彼得·阿洛科電話：(212)951-2030或發送至pallocco@bernlieb.com討論您的權利。
New York, New York--(Newsfile Corp. - March 1, 2023) - Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action lawsuit that has been filed on behalf of investors who purchased or acquired the securities of Avaya Holdings Corp. ("Avaya" or the "Company") (OTC: AVYAQ) between November 22, 2021 and November 29, 2022, inclusive (the "Class Period"). The lawsuit was filed in the United States District Court for the Middle District of North Carolina and alleges violations of the Securities Exchange Act of 1934.
紐約，紐約--(Newsfile Corp.-2023年3月1日)-備受全國讚譽的投資者權利律師事務所Bernstein Liebhard LLP提醒投資者，在代表購買或收購Avaya Holdings Corp.(以下簡稱Avaya)證券的投資者提起的證券集體訴訟中，提交主要原告動議的最後期限為2021年11月22日和2022年11月29日，包括(“上課時間”)。這起訴訟是在北卡羅來納州中區的美國地區法院提起的，指控其違反了1934年的證券交易法。
Avaya purports to be a "global leader in digital communications products, solutions and services for businesses of all sizes delivering its technology predominantly through software and services." The Company claims that its "global, experienced team of professionals delivers award-winning services from initial planning and design, to seamless implementation and integration, to ongoing managed operations, optimization, training and support."
Avaya自稱是“為各種規模的企業提供主要通過軟件和服務提供技術的數字通信產品、解決方案和服務的全球領導者”。該公司聲稱，其“經驗豐富的全球專業團隊提供獲獎的服務，從最初的規劃和設計，到無縫實施和集成，再到持續的管理運營、優化、培訓和支持。”
Plaintiff alleges that Defendants made materially false and misleading statements throughout the Class Period. Specifically, Plaintiff alleges that Defendants failed to disclose that: (i) the Company's internal control over financial reporting ("ICFR") was deficient in several areas; (ii) as a result of these deficiencies, the Company had failed to design and maintain effective controls over its whistleblower policies and its ethics and compliance program; and (iii) the Company's deteriorating financial condition was likely to raise substantial doubt as to its ability to continue as a going concern.
原告聲稱，被告在整個上課期間作出了重大虛假和誤導性的陳述。具體地説，原告指控被告未能披露：(I)公司對財務報告的內部控制(“ICFR”)在幾個方面存在缺陷；(Ii)由於這些缺陷，公司未能設計並保持對其舉報人政策及其道德和合規計劃的有效控制；(Iii)公司不斷惡化的財務狀況可能會使人對其作為持續經營企業的能力產生重大懷疑。
On July 28, 2022, Avaya announced the termination of its Chief Executive Officer James M. Chirico, Jr. The Company also announced preliminary Q3 2022 financial results that included expected revenues and adjusted EBITDA well below previously given guidance and an unquantified but "significant" impairment charge. In addition, Avaya withdrew its 2022 guidance.
2022年7月28日，Avaya宣佈其首席執行官小詹姆斯·M·奇里科離職。該公司還宣佈了2022年第三季度的初步財務業績，其中包括預期收入和調整後的EBITDA遠低於先前給出的指導，以及未量化但“重大”的減值費用。此外，Avaya撤回了2022年的指導意見。
On this news, Avaya's stock price fell $1.19 per share, or 56.99%, to close at $0.90 per share on July 29, 2022.
這一消息傳出後，Avaya的股價在2022年7月29日下跌了1.19美元，跌幅為56.99%，收於每股0.9美元。
Then, on August 9, 2022, Avaya announced that: (1) it determined there was substantial doubt about its ability to continue as a going concern; (2) it would not timely file its financial statements for the quarter ended June 30, 2022; (3) its Audit Committee commenced internal investigations into circumstances surrounding the Company's financial results for the quarter; and (4) the Audit Committee also commenced an investigation into matters raised by a whistleblower.
然後，於2022年8月9日，Avaya宣佈：(1)確定其繼續經營的能力存在重大懷疑；(2)將不會及時提交截至2022年6月30日的季度財務報表；(3)其審計委員會開始對圍繞公司本季度財務業績的情況進行內部調查；以及(4)審計委員會也開始調查舉報人提出的事項。
On this news, Avaya's stock price fell $0.51 per share, or 45.54%, to close at $0.61 per share on August 9, 2022.
這一消息傳出後，Avaya的股價在2022年8月9日下跌了0.51美元，跌幅45.54%，收於每股0.61美元。
Finally, before the market opened on November 30, 2022, Avaya disclosed in a Current Report filed on Form 8-K with the SEC that "control deficiencies[] management had been reviewing represent material weaknesses in the Company's internal control over financial reporting" and that "management's assessment of ICFR included in Item 9A of the Company's Annual Report on Form 10-K for its fiscal year 2021 ended September 30, 2021, filed with the [SEC] on November 22, 2021 [] should no longer be relied upon." Specifically, the Form 8-K stated that the Company "did not design and maintain effective controls related to the information and communication component of the COSO (Committee of Sponsoring Organizations of the Treadway Commission) framework," "did not design and maintain effective controls to ensure appropriate communication between certain functions within the Company," and "did not design and maintain effective controls over the ethics and compliance program."
最後，在2022年11月30日開市之前，AVAYA在提交給美國證券交易委員會的8-K表格中披露了[]管理層一直在審查公司對財務報告的內部控制存在重大缺陷“，管理層對ICFR的評估包括在公司提交給美國證券交易委員會的截至2021年9月30日的2021財年10-K表格年度報告第9A項中[美國證券交易委員會]2021年11月22日[]具體而言，8-K表格指出，公司“沒有設計和維護與COSO(特雷德韋委員會贊助組織委員會)框架的信息和通信部分相關的有效控制”，“沒有設計和維護有效的控制，以確保公司內部某些職能部門之間的適當溝通”，以及“沒有設計和維護對道德和合規計劃的有效控制”。
On this news, Avaya's stock price fell $0.16 per share, or 14.28%, to close at $0.96 per share on November 30, 2022.
受此消息影響，2022年11月30日，Avaya的股價下跌了0.16美元，跌幅為14.28%，收於每股0.96美元。
If you wish to serve as lead plaintiff, you must move the Court no later than March 6, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn't require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.
如果你希望擔任主要原告，你必須在不遲於2023年3月6日。主要原告是代表其他階級成員指導訴訟的代表方。你分享任何賠償的能力並不要求你擔任主要原告。如果你選擇不採取行動，你可能仍然是一個缺席的班級成員。
If you purchased or acquired Avaya securities, and/or would like to discuss your legal rights and options please visit Avaya Holdings Corp. Shareholder Class Action Lawsuit or contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com.
如果你購買或收購Avaya證券，和/或希望討論您的合法權利和選擇權請訪問Avaya Holdings Corp.股東集體訴訟或聯繫彼得·阿洛科電話：(212)951-2030，電子郵件：palLocco@bernlieb.com。
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal's "Plaintiffs' Hot List" thirteen times and listed in The Legal 500 for ten consecutive years.
自1993年以來，Bernstein Liebhard LLP已經為其客户追回了超過35億美元。除了代表個人投資者，該公司還被美國一些最大的公共和私人養老基金聘請，以監控他們的資產並代表他們提起訴訟。由於成功地提起了數百起訴訟和集體訴訟，該律師事務所已13次被評為《國家法律雜誌》的“原告熱門名單”，並連續十年躋身法律500強。
ATTORNEY ADVERTISING. 2023 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
律師廣告。2023年伯恩斯坦·利布哈德有限責任公司。負責此廣告的律師事務所是Bernstein Liebhard LLP，地址：紐約東40街10號，郵編：10016，電話：(212)779-1414.先前的結果不能保證或預測未來任何事情都會出現類似的結果。
Contact Information:
聯繫方式：
Peter Allocco
Bernstein Liebhard LLP
(212) 951-2030
pallocco@bernlieb.com
彼得·阿洛科
伯恩斯坦-利伯哈德律師事務所
(212) 951-2030
郵箱：pallocco@bernlieb.com
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