Flex investors may receive additional information about the case by clicking the link "Submit Your Information" above.
According to the complaint, Flex purportedly provides design, engineering, manufacturing, and supply chain services and solutions.
The Class Period commences on January 26, 2017, when Flex published a press release announcing its financial results for the quarter ended December 31, 2016.
According to the complaint, on April 26, 2018, Flex issued a press release disclosing that the company’s Audit Committee, with the assistance of independent outside counsel, was investigating allegations by an employee that the company improperly accounted for obligations in a customer contract and certain related reserves.
Following this news, Flex’s share price fell $3.61 per share, or more than 21%, on high trading volume, to close at $13.03 per share on April 27, 2018.
The complaint alleges that, throughout the Class Period, the defendants failed to disclose: (1) that the company’s internal controls over financial reporting were materially weak and deficient; (2) that the company had improperly accounted for obligations in a customer contract and certain related reserves; and, (3) that, as a result of the foregoing, the company’s financial statements and the defendants’ statements about Flex’s business, operations, and prospects, were materially false and misleading at all relevant times.
If you are a member of the class described above, you may no later than July 9, 2018 move the Court to serve as lead plaintiff of the class, if you so choose.
A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Any member of the purported class may move the court to serve as a lead plaintiff through counsel of their choice, or may choose to do nothing and remain an inactive class member.
Kessler Topaz Meltzer & Check, LLP has not filed a complaint in this matter. If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP toll free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at email@example.com. For more information about Kessler Topaz Meltzer & Check, LLP, please visit our website at http://www.ktmc.com. If you would like additional information about the suit, please fill out the attached form as promptly as possible and return it by fax to 610-667-7056, or by mail in the enclosed envelope.
Kessler Topaz Meltzer & Check, LLP
James Maro, Esq. or Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087
1-888-299-7706 (toll free) or 1-610-667-7706 or by e-mail at firstname.lastname@example.org