NEW YORK, NY / ACCESSWIRE / December 17, 2022 / WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Avaya Holdings Corp. AVYA resulting from allegations that Avaya may have issued materially misleading business information to the investing public.
SO WHAT: If you purchased Avaya securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=8033 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.
WHAT IS THIS ABOUT: On August 9, 2022, The Wall Street Journal published an article entitled "Avaya Taps Legal, Financial Advisers to Look at Debt Options" and also published another article entitled "Avaya's Collapsing Debt Deal Hits Clients of Goldman, JPMorgan". The articles highlighted issues at Avaya Holdings, including how the company had cut its earnings forecast by more than 60% just weeks after borrowing $600 million from institutional investors through deals arranged by Goldman Sachs and JP Morgan Chase. The articles also reported that Avaya provided no explanation for the dramatic earnings miss, indicated it would also miss revenue...
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