Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action Against Tandy Leather Factory, Inc. (TLF), Resideo Technologies, Inc. (REZI) & Plantronics, Inc. (PLT)
NEW YORK, NY / ACCESSWIRE / December 9, 2019 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visiting the links below or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss, you can request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. A lead plaintiff acts on behalf of all other class members in directing the litigation. The lead plaintiff can select a law firm of its choice. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Tandy Leather Factory, Inc. (TLF)
Class Period: March 7, 2018 - August 15, 2019
Deadline: January 6, 2020
For more info: www.bgandg.com/tlf
The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) certain costs of inventory had been improperly valued and expensed; (2) as a result, the Company's financial results for certain periods were misstated; (3) the Company lacked effective internal control over financial reporting; (4) there was a material weakness in the Company's internal control over financial reporting; and (5) as a result, defendants' statements regarding Tandy's business, operations, and prospects, were materially false and misleading. When the true details entered the market, the lawsuit claims that investors suffered damages.
Resideo Technologies, Inc. (REZI)
Class Period: October 29, 2018 - October 22, 2019
Deadline: January 7, 2020
For more info: www.bgandg.com/rezi
The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) the negative operational effects of the Honeywell spin-off were more substantial and persistent than disclosed and had negatively affected the Company's product sales, supply chain, and gross margins, putting Resideo's fiscal 2019 financial forecasts at risk; (2) as a consequence, the Company's financial guidance lacked a reasonable basis and the Company was not on track to make its fiscal 2019 guidance as defendants had claimed; and (3) as a result, Resideo's public statements were materially false and misleading at all relevant times.
Plantronics, Inc. (PLT)
Class Period: July 2, 2018 - November 5, 2019
Deadline: January 13, 2020
For more info: www.bgandg.com/plt
The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) that the Company had engaged in channel stuffing to artificially boost sales; (2) that the Company's internal control over inventory levels was not effective; (3) that the Company had not adequately monitored inventory levels ahead of multiple product launches, where the new models would displace demand for aging products; and (4) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC
View source version on accesswire.com:
https://www.accesswire.com/569487/Bronstein-Gewirtz-Grossman-LLC-Reminds-Investors-of-Class-Action-Against-Tandy-Leather-Factory-Inc-TLF-Resideo-Technologies-Inc-REZI-Plantronics-Inc-PLT
