BENSALEM, Pa., May 31, 2019 (GLOBE NEWSWIRE) -- Law Offices of Howard G. Smith announces the continuation of its investigation on behalf of Verint Systems Inc. (“Verint” or the “Company”) (NASDAQ: VRNT) investors concerning the Company and its officers’ possible violations of federal securities laws.
On May 23, 2019, Spruce Point Capital Management released a report alleging that the Company compensated for slow growth with “aggressive M&A and dubious accounting” and that the Company’s proxy fight with Neuberger Berman raised “significant red flags” about its corporate governance.
On this news, the Company’s share price fell $5.68, nearly 10%, to close at $55.49 per share on May 23, 2019, thereby injuring investors.
If you purchased Verint 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@example.com, or visit our website at www.howardsmithlaw.com.
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