NEW
YORK, Feb. 24, 2023 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Avaya Holdings Corp. (NYSE:
AVYA).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/avaya-holdings-corp-loss-submission-form/?id=36775&from=4
The lawsuit seeks to recover losses for shareholders who
purchased Avaya between October 3,
2019 and November 29, 2022.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
March 6, 2023 to petition the
court. Your ability to share in any recovery doesn't require that
you serve as a lead plaintiff.
According to a filed complaint, Avaya Holdings Corp. issued
materially false and/or misleading statements and/or failed to
disclose that: (i) the Company's internal control over financial
reporting 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; (iii) the Company's deteriorating financial
condition was likely to raise substantial doubt as to its ability
to continue as a going concern; and (iv) as a result, the Company's
public statements were materially false and misleading at all
relevant times.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (628) 895-0423
F: (212) 537-5887
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SOURCE Jakubowitz Law
