Plantronics, Inc. Securities Litigation

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Lawsuit Overview

Defendant:Plantronics, Inc.
Date Filed:November 13th, 2019
Industry:Telecommunications Equipment
Class Start Date:July 2nd, 2019
Class End Date:November 5th, 2019

According to the Complaint, Plantronics designs, manufactures, and markets integrated communications and collaboration solutions such as headsets, Open SIP desktop phones, audio and videoconferencing, and cloud management and analytics software solutions.

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, the Complaint alleges Defendants failed to disclose to investors: (1) that the Company had engaged in channel stuffing to artificially boost sales; (2) that the Company's internal control over inventory levels was not effective; (3) that the Company had not adequately monitored inventory levels ahead of multiple product launches, where the new models would displace demand for aging products; and (4) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

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First Identified Complaint

Felice Bassuk, et al. v. Plantronics, Inc., et al.

Date Filed:November 13th, 2019
Class Period Start:July 2nd, 2019
Class Period End:November 5th, 2019
First Identified Complaint Filings
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