The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Mercury Systems, Inc. (NASDAQ: MRCY) who purchased shares between October 24, 2017 and April 24, 2018. The action, which was filed in the United States District Court for the District of Massachusetts, alleges that the Company violated federal securities laws.
In particular, the MRCY lawsuit alleges that (i) Mercury’s decision to in-source processing was adversely impacting Mercury’s operating margins and free cash-flow generation and conversion; (ii) Mercury’s model was becoming structurally more working capital intensive; (iii) as a result of the foregoing, Mercury’s public statements were materially false and misleading at all relevant times.
Shareholders have until September 10, 2018 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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