The law firm of Kirby McInerney LLP is investigating potential claims against Arlo Technologies, Inc. (Arlo or the Company) (NYSE: ARLO). This investigation concerns whether Arlo has violated federal securities laws and/or engaged in other unlawful business practices.
On December 3, 2018, the Company announced that shipments of Ultra, the Companys new wire-free security camera system, would be delayed due to a quality issue with the battery from one of its suppliers, and lowered its guidance for fourth quarter 2018.
On this news, the price of Arlo shares fell $2.75, or more than 22%, to close at $9.28 on December 3, 2018.
If you acquired Arlo securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at [email protected], or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs law firm concentrating in securities, antitrust, and whistleblower litigation. The firms efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLPs website: www.kmllp.com.
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