The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the Northern District of California on behalf of investors who purchased Flex Ltd. (NASDAQ: FLEX) securities between January 26, 2017 and October 25, 2018.
According to the Flex lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: Defendants consistently assured the market that (1) the Company’s internal controls over financial reporting, including those related to customer contracts, were adequate and proper, and (2) the most crucial contract in the Company’s pipeline, a massive and very expensive contract with Nike to automate sneaker manufacturing, was repeatedly hitting key milestones while timely proceeding on a steady trajectory to profitability. Defendants failed to disclose or warn the market of material facts showing that the Nike contract was failing operationally and not commercially viable, instead pointing to purported accomplishments and a timely trajectory to breaking even
If you suffered a loss in Flex you have until June 4, 2019 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn\'t require that you serve as a lead plaintiff.
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