Wolf Popper LLP Announces Investigation on Behalf of Investors in Amdocs Limited (DOX)
NEW YORK, April 1, 2021 /PRNewswire/ -- Wolf Popper LLP is investigating potential securities fraud claims on behalf of purchasers of Amdocs Limited (NASDAQ: DOX) common stock.
Before the market opened on March 31, 2021, Jehoshaphat Research published a short-seller report on Amdocs. In the report, Jehoshaphat alleges, among other things, that (a) Amdocs overstated its profits by up to 50%; (b) several Amdocs auditors resigned and were replaced with small firms or firms with past issues; and (c) the cash on Amdocs' balance sheet is practically unavailable and Amdocs has hidden this problem.
On this news, Amdocs' stock price fell $9.19 per share, or 11.6%, and closed at $70.15 per share on March 31, 2021.
For more information, Amdocs investors with trading losses of over $50,000 should contact Joshua Ruthizer at (212) 451-9668 or at jruthizer@wolfpopper.com.
Wolf Popper has successfully recovered billions of dollars for defrauded investors. Wolf Popper's reputation and expertise have been repeatedly recognized by the courts, which have appointed the firm to major positions in securities litigation. For more information about Wolf Popper, please visit the Firm's website at www.wolfpopper.com.
Attorney Advertising: Prior Results Do Not Guarantee A Similar Outcome.
Wolf Popper LLP
Joshua W. Ruthizer
845 Third Avenue
New York, NY 10022
Tel.: (212) 451-9668
Email: jruthizer@wolfpopper.com
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SOURCE WOLF POPPER LLP
