INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Mercury Systems, Inc. (MRCY) on Behalf of Investors

Law Offices of Howard G. Smith announces an investigation on behalf of Mercury Systems, Inc. (Mercury or the Company) (NASDAQ: MRCY ) investors concerning the Companys possible violations of federal securities laws.

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Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Wednesday, July 27, 2022
Information
Tags: 
Class Action Lawsuit, Professional Services, Legal, Physical optics, NASDAQ, Mercury Systems, Acquisition, News, Telephone, MRCY, Suite, Mercury, Glass house
Geotags: 
PENNSYLVANIA, UNITED STATES, NORTH AMERICA
Stock Symbol: 
NASDAQ:MRCY
Summary
Key Points: 
  • Law Offices of Howard G. Smith announces an investigation on behalf of Mercury Systems, Inc. (Mercury or the Company) (NASDAQ: MRCY ) investors concerning the Companys possible violations of federal securities laws.
  • On July 26, 2022, Glasshouse Research published a report alleging that Mercurys organic revenue is overstated, that its Physical Optics acquisition has been a disaster, and that management has prematurely recognized revenues.
  • On this news, Mercurys stock fell $4.87, or 7.8%, to close at $57.26 per share on July 26, 2022, thereby injuring investors.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


Law Offices of Howard G. Smith announces an investigation on behalf of Mercury Systems, Inc. (“Mercury” or the “Company”) (NASDAQ: MRCY) investors concerning the Company’s possible violations of federal securities laws.

On July 26, 2022, Glasshouse Research published a report alleging that Mercury’s organic revenue is “overstated,” that its Physical Optics acquisition has been a “disaster,” and that management has prematurely recognized revenues.

On this news, Mercury’s stock fell $4.87, or 7.8%, to close at $57.26 per share on July 26, 2022, thereby injuring investors.

If you purchased Mercury securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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