The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Flex, Ltd. (Flex or the Company) (NASDAQ: FLEX) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Companys shares between January 26, 2017, and October 25, 2018, inclusive (the Class Period), are encouraged to contact the firm before June 4, 2019.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firms website at www.schallfirm.com, or by email at [email protected].
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.
According to the Complaint, Flex made materially false and misleading statements throughout the class period. It alleges that the companys internal financial reporting controls were materially weak and deficient. It also alleges that Flexs accounting for obligations and reserves in relation to a particular customer contract was improper. As a result, Flexs claims about the companys business operations and financial prospects were materially false and misleading throughout the class period. According to the lawsuit, when accurate information about Flex became apparent in the market, investors suffered damages. The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.