AVYA Investors Have Opportunity to Lead Avaya Holdings Corp. Securities Fraud Lawsuit

March 02, 2023 11:00

LOS ANGELES, March 2, 2023 /PRNewswire/ -- The Law Offices of Frank R. Cruz announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Avaya Holdings Corp. ("Avaya" or the "Company") (OTC: AVYAQ).

Class Period: October 3, 2019 – November 29, 2022
Lead Plaintiff Deadline: March 6, 2023

If you are a shareholder who suffered a loss, click here to participate.

The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors that: (1) the Company's internal control over financial reporting ("ICFR") was deficient in several areas; (2) as a result of these deficiencies, the Company had failed to design and maintain effective controls over its whistleblower policies and its ethics and compliance program; (3) the Company's deteriorating financial condition was likely to raise substantial doubt as to its ability to continue as a going concern; and (4) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.  If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com.  If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Cision View original content:https://www.prnewswire.com/news-releases/avya-investors-have-opportunity-to-lead-avaya-holdings-corp-securities-fraud-lawsuit-301760372.html

SOURCE The Law Offices of Frank R. Cruz, Los Angeles

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