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 April 26, 2018.
According to the FLEX lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company's internal controls over financial reporting were materially weak and deficient; (2) the Company had improperly accounted for obligations in a customer contract and certain related reserves; and (3) as a result of the foregoing, the Company's financial statements and Defendants'; statements about Flex's business, operations, and prospects, were materially false and misleading at all relevant times. On April 26, 2018, Flex issued a press release disclosing allegations by a former employee that the Company “improperly accounted for obligations in a customer contract and certain related reserves.” The Company further announced that its Audit Committee was undertaking an investigation of the matter “with the assistance of independent outside counsel.”
If you suffered a loss in Flex Ltd. you have until July 9, 2018 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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