Verint Systems Inc. Investigation
The law firm of Kirby McInerney LLP is investigating potential claims against Verint Systems Inc. ("Verint" or the "Company") (NASDAQ: VRNT). This investigation concerns whether Verint has violated federal securities laws and/or engaged in other unlawful business practices.
On May 23, 2019, Spruce Point Capital Management released a report accusing Verint of "making up for slow growth with aggressive M&A and dubious accounting." The report highlighted Verint's "disregard for shareholders concerns" and expressed concern over the Company's "atrocious governance," especially in regard to its proxy fight with Neuberger Berman, which has raised "significant red flags."
On this news, the price of Verint shares fell $5.68, approximately 9.3%, to close at $55.49 on May 23, 2019.
If you acquired Verint 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 firstname.lastname@example.org, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.