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Bronstein, Gewirtz & Grossman, LLC Notifies Investors of Investigation of Plantronics, Inc. (PLT)

ACCESSWIRE

NEW YORK, NY / ACCESSWIRE / February 13, 2020 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Plantronics, Inc. ("Plantronics" or "the Company") (PLT). Investors who purchased Plantronics securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/plt.

The investigation concerns whether Plantronics and certain of its officers and/or directors have violated federal securities laws.

On February 4, 2020, Plantronics revealed its disappointing third quarter 2020 results, with severe drops in revenue and earnings and lowered guidance. The Company said that it started shipping its next-generation architecture during the quarter, but demand for its Enterprise and Consumer headsets was lower than anticipated. Plantronics also agreed to divest its consumer gaming business to decrease leverage and pay off debt. Following this news, Plantronics stock dropped $10.32 per share, or over 38%, to close at $16.56 on February 5, 2020.

If you are aware of any facts relating to this investigation or purchased Plantronics shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/plt. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.

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Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz and Grossman, LLC



View source version on accesswire.com:
https://www.accesswire.com/576400/Bronstein-Gewirtz-Grossman-LLC-Notifies-Investors-of-Investigation-of-Plantronics-Inc-PLT