The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Avaya Holdings Corp. (“Avaya” or “the Company”) (NYSE: AVYA) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Avaya disclosed on November 30, 2022, that certain deficiencies that had been under management review demonstrated material weaknesses in the Company’s internal controls over financial reporting. The Company specifically noted failures related to its whistleblower policies. Based on this news, shares of Avaya dropped by 13.75% on the same day.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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