LOS ANGELES, April 8, 2021 /PRNewswire/ — The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Amdocs Limited («Amdocs» or «the Company») (NASDAQ: DOX) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Amdocs is the subject of a report published by Jehoshaphat Research on March 31, 2021. According to the report, the Company overstated its profitability. Jehoshaphat alleges that the Company replaced reputable auditors with «scandal-plagued or tiny shops.» It alleges the Company «window-dressed» its balance sheet to hide its borrowing. The report quotes a former Company executive as saying, «The US business was declining at a rate of [around] 7% annually…but then we would see the company [publish results that] say North America is stable.»
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We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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SOURCE The Schall Law Firm