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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until June 8, 2021 to file lead plaintiff applications in a securities class action lawsuit against Amdocs Limited (NasdaqGS: DOX).
Amdocs and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On March 31, 2021, pre-market, Jehoshaphat Research reported a series of allegations against the Company including that it overstated its profits based on steady parent profits despite declining subsidiary profits; a pattern of resignations by reputable auditors replaced by “scandal-plagued or tiny shops”; that the Company “window-dressed” its balance sheets to keep its large borrowing a secret, specifically by timing its debt payment and reborrowing to appear debt-free; that the Company was losing AT&T as a customer, and other assertions.
On this news, shares of Amdocs plummeted $9.19 per share, or 11.58%, to close at $70.15 per share on March 31, 2021.
If you purchased shares of Amdocs and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or fill out the form on this page.
The case is Marn v. Amdocs Limited, et al., No. 21-cv-03078.
Click here to read the case complaint.