Bronstein, Goertz & Grossman LLC

Bronstein, Goertz & Grossman LLC

NEW YORK, Feb. 08, 2024 (GLOBE NEWSWIRE) — Lawyer Announcement – Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Mercury Systems, Inc. (“Mercury Systems” Systems or the “Company”) (NASDAQ: MRCY) and certain of its officers.

Category definition:
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Mercury Systems securities between December 7, 2020 and July 23, 2023, inclusive (the “Class Period”). . These investors are encouraged to join this cause by visiting the company’s website: bgandg.com/mrcy.

Case details:
The Complaint alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Mercury Systems’ serial acquisition strategy was not successful and Mercury Systems was using inappropriate revenue recognition practices such as change to long-term contracts to hide the decline in organic growth; (2) Mercury Systems’ acquisition of POC caused POC to lose its small business accreditation, which prevented POC from winning contracts that constitute a significant portion of its historical business; (3) Mercury Systems had at least twenty underperforming programs; (4) Mercury Systems’ initiative to increase margins was not successful and was in fact eating into margins. The complaint also alleges that on July 26, 2022, Glasshouse Research initiated coverage of Mercury Systems with an aggressive sell-off report titled “Roll-Up Mercury Systems Is About to Collapse,” and following this news, Mercury Systems’ common stock fell approximately 8%.

What then?
A class action lawsuit has already been filed. If you would like to review a copy of the complaint, you may visit the firm’s website: bgandg.com/mrcy or you may contact Peretz Bronstein, Esq. Or our law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 332-239-2660. If you suffered a loss in Mercury Systems, you have until February 12, 2024 to ask the court to appoint you as lead plaintiff. Your ability to participate in any recovery does not require that you serve as lead plaintiff.

There is no cost to you
We represent investors in class actions on a contingency fee basis. This means that we will ask the court to reimburse us for out-of-pocket expenses and attorney fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Goertz and Grossman:
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud and shareholder derivative litigation. Our firm has recovered hundreds of millions of dollars for investors nationwide.

Lawyer advertisement. Previous results do not guarantee similar results.

communication:
Bronstein, Goertz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
332-239-2660 | info@bgandg.com

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