Law Offices of Howard G. Smith announces an investigation on behalf of MicroStrategy Incorporated investors (MicroStrategy or the Company) (NASDAQ: MSTR) concerning the Company and its officers possible violations of federal securities laws.
On January 29, 2019, the Company disclosed a material weakness in its internal controls over financial reporting. The Company stated that the material weakness relates to general information technology controls in the areas of user access, program change-management and other matters impacting information technology systems that support MicroStrategys financial reporting processes. On this news, shares of MicroStrategy fell $10.90 per share, or more than 7%, to close at $127.37 per share on January 30, 2019, thereby injuring investors.
If you purchased MicroStrategy 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.
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